Kodiak Gas Services (NYSE:KGS) Given New $64.00 Price Target at Royal Bank Of Canada

Kodiak Gas Services (NYSE:KGS) had its target price upped by analysts at Royal Bank Of Canada from $45.00 to $64.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.00% from the stock’s previous close.

Several other brokerages have also commented on KGS. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho upped their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research 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. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Citigroup upped their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.57.

Kodiak Gas Services Trading Up 2.0%

Shares of Kodiak Gas Services stock traded up $1.10 during mid-day trading on Thursday, hitting $56.64. The stock had a trading volume of 195,618 shares, compared to its average volume of 1,553,626. The firm has a 50-day moving average of $47.60 and a two-hundred day moving average of $39.60. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The firm has a market cap of $4.86 billion, a P/E ratio of 65.30 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $330.95 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts forecast that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, Director Alexander Newsom Darden bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $273,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This represents a 14.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 11,433 shares of company stock worth $624,360 and sold 44,731 shares worth $2,492,123. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently modified their holdings of KGS. Invesco Ltd. boosted its holdings in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after purchasing an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after buying an additional 1,559,172 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after buying an additional 1,424,888 shares during the last quarter. Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after buying an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in shares of Kodiak Gas Services in the 4th quarter valued at $39,741,000. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.