Kodiak Gas Services (NYSE:KGS) Rating Lowered to Sell at Wall Street Zen

Kodiak Gas Services (NYSE:KGS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently weighed in on KGS. William Blair began coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. Mizuho lifted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Citigroup raised their target price on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays boosted their price target on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $49.93 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The company has a market capitalization of $4.33 billion, a PE ratio of 62.41 and a beta of 1.31. The company has a 50 day moving average price of $38.07 and a 200-day moving average price of $35.74. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $50.34.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently made changes to their positions in KGS. United Advisor Group LLC grew its stake in Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after buying an additional 304 shares during the last quarter. Comerica Bank grew its stake in shares of Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Kodiak Gas Services by 4.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after acquiring an additional 360 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after purchasing an additional 448 shares during 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.