Barclays Raises Kodiak Gas Services (NYSE:KGS) Price Target to $44.00

Kodiak Gas Services (NYSE:KGS) had its target price raised by investment analysts at Barclays from $32.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 2.66% from the company’s previous close.

Several other equities analysts also recently commented on KGS. Raymond James upped their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Mizuho began coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Truist Financial increased their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.18.

Kodiak Gas Services Trading Up 2.0 %

Shares of NYSE KGS traded up $0.86 during trading hours on Monday, hitting $42.86. 83,578 shares of the company traded hands, compared to its average volume of 734,341. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 147.80 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average price is $39.61 and its 200 day moving average price is $32.37. Kodiak Gas Services has a 12 month low of $20.84 and a 12 month high of $44.43.

Insider Buying and Selling at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently made changes to their positions in KGS. GAMMA Investing LLC lifted its stake in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Kodiak Gas Services by 55.6% during the third quarter. JPMorgan Chase & Co. now owns 110,425 shares of the company’s stock worth $3,202,000 after purchasing an additional 39,477 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services during the third quarter worth approximately $610,000. B. Riley Wealth Advisors Inc. lifted its stake in Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after purchasing an additional 405 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Kodiak Gas Services during the third quarter worth approximately $1,242,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.