Barclays Has Lowered Expectations for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its price objective lowered by equities research analysts at Barclays from $44.00 to $41.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.39% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho boosted their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average target price of $41.91.

Kodiak Gas Services Trading Down 1.6 %

NYSE KGS traded down $0.62 during trading on Friday, hitting $37.83. The stock had a trading volume of 268,741 shares, compared to its average volume of 1,129,488. Kodiak Gas Services has a one year low of $24.83 and a one year high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a 50 day simple moving average of $43.39 and a 200 day simple moving average of $37.79. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 130.44 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Sell-side analysts predict that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Insider Activity

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KGS. GAMMA Investing LLC boosted its stake in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares in the last quarter. Comerica Bank grew its holdings in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after purchasing an additional 701 shares in the last quarter. Amalgamated Bank raised its position in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds 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.