Kodiak Gas Services (NYSE:KGS) Shares Up 8.4% – Still a Buy?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price traded up 8.4% during trading on Tuesday . The company traded as high as $47.64 and last traded at $47.71. 1,052,568 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 910,198 shares. The stock had previously closed at $44.00.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup lifted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Royal Bank of Canada boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Stock Up 3.3 %

The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 171.18 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The business has a fifty day moving average price of $42.75 and a two-hundred day moving average price of $34.29.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of Kodiak Gas Services by 53.2% in the fourth quarter. Rhumbline Advisers now owns 44,042 shares of the company’s stock worth $1,798,000 after buying an additional 15,285 shares during the last quarter. Augustine Asset Management Inc. lifted its holdings in Kodiak Gas Services by 1,761.2% in the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after acquiring an additional 605,844 shares during the period. Kestra Private Wealth Services LLC boosted its position in Kodiak Gas Services by 57.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company’s stock worth $761,000 after purchasing an additional 6,818 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $998,000. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after purchasing an additional 500 shares in the last quarter. 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.