Kodiak Gas Services (NYSE:KGS) Hits New 12-Month High – What’s Next?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price hit a new 52-week high on Thursday . The company traded as high as $50.26 and last traded at $50.04, with a volume of 312162 shares. The stock had previously closed at $48.05.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KGS. JPMorgan Chase & Co. upped their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Truist Financial boosted their price objective 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. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays upped their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Trading Down 5.8 %

The business’s 50 day simple moving average is $42.88 and its 200 day simple moving average is $34.42. The stock has a market cap of $4.09 billion, a P/E ratio of 161.23 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.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’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 sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently modified their holdings of KGS. FMR LLC raised its stake in Kodiak Gas Services by 444.4% in the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $44,558,000. Zimmer Partners LP boosted its position in shares of Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock worth $51,616,000 after acquiring an additional 1,348,899 shares in the last quarter. Augustine Asset Management Inc. increased its stake 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Kodiak Gas Services during the third quarter valued at approximately $9,741,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.