Kodiak Gas Services (NYSE:KGS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Kodiak Gas Services (NYSE:KGS) had its target price lifted by equities researchers at The Goldman Sachs Group from $32.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 10.72% from the stock’s previous close.

A number of other equities analysts have also commented on KGS. Citigroup began coverage on Kodiak Gas Services in a research note on Friday, September 27th. They set a “buy” rating and a $35.00 price target for the company. Stifel Nicolaus increased their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Bank of America initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.82.

Kodiak Gas Services Stock Down 1.7 %

Shares of KGS stock opened at $39.74 on Tuesday. The stock has a market cap of $3.48 billion, a P/E ratio of 137.04 and a beta of 0.79. The company’s fifty day simple moving average is $32.29 and its two-hundred day simple moving average is $28.93. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a 52 week low of $17.50 and a 52 week high of $41.25.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC purchased a new position in Kodiak Gas Services in the 2nd quarter worth about $913,000. Public Employees Retirement System of Ohio bought a new position in Kodiak Gas Services in the 1st quarter worth about $1,046,000. Chesapeake Capital Corp IL purchased a new position in shares of Kodiak Gas Services during the third quarter worth approximately $603,000. Principal Financial Group Inc. purchased a new position in shares of Kodiak Gas Services during the third quarter worth approximately $610,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $2,974,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.