Kodiak Gas Services, Inc. (NYSE:KGS) Receives $23.57 Consensus Target Price from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.57.

A number of brokerages have issued reports on KGS. Barclays raised their price target on shares of Kodiak Gas Services from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, August 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Kodiak Gas Services in a research note on Tuesday, September 5th. Raymond James lifted their target price on shares of Kodiak Gas Services from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Truist Financial assumed coverage on shares of Kodiak Gas Services in a research note on Monday, July 24th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Kodiak Gas Services in a research note on Monday, July 24th. They set a “buy” rating and a $22.00 target price on the stock.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $18.22 on Tuesday. Kodiak Gas Services has a 12-month low of $15.05 and a 12-month high of $19.79. The company has a debt-to-equity ratio of 14.36, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a fifty day moving average price of $18.05.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.36. The firm had revenue of $203.31 million during the quarter, compared to the consensus estimate of $199.17 million. Kodiak Gas Services’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. As a group, equities analysts forecast that Kodiak Gas Services will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Randall J. Hogan acquired 3,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was purchased at an average cost of $16.00 per share, with a total value of $48,000.00. Following the completion of the acquisition, the director now directly owns 12,375 shares of the company’s stock, valued at $198,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Randall J. Hogan acquired 3,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was purchased at an average cost of $16.00 per share, with a total value of $48,000.00. Following the completion of the acquisition, the director now directly owns 12,375 shares of the company’s stock, valued at $198,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ewan William Hamilton acquired 2,500 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were bought at an average cost of $16.00 per share, with a total value of $40,000.00. Following the completion of the acquisition, the insider now directly owns 19,375 shares of the company’s stock, valued at $310,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 18,350 shares of company stock valued at $328,117.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ion Asset Management Ltd. purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $25,984,000. Citadel Advisors LLC purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $23,706,000. Zimmer Partners LP purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $21,112,000. Goldman Sachs Group Inc. purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $18,359,000. Finally, Encompass Capital Advisors LLC purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $17,864,000. 23.50% of the stock is owned by hedge funds and other 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.