Citigroup Forecasts Strong Price Appreciation for Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services (NYSE:KGS) had its price target upped by stock analysts at Citigroup from $53.00 to $63.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 9.71% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. William Blair initiated coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Finally, Mizuho lifted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Kodiak Gas Services Stock Up 5.2%

Shares of KGS stock traded up $2.85 on Monday, reaching $57.42. 852,670 shares of the company were exchanged, compared to its average volume of 1,647,541. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 66.09 and a beta of 1.31. The company has a 50-day moving average of $42.59 and a 200-day moving average of $37.75. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services has a one year low of $29.25 and a one year high of $57.52.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares during the period. Nisa Investment Advisors LLC increased its stake in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the last quarter. State of Wyoming raised its holdings in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

About Kodiak Gas Services

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.