Kodiak Gas Services (NYSE:KGS) Price Target Lowered to $72.00 at Barclays

Kodiak Gas Services (NYSE:KGS) had its price target decreased by stock analysts at Barclays from $76.00 to $72.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 6.07% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Citigroup upped their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $84.00 target price on Kodiak Gas Services in a report on Tuesday, May 12th. Finally, Jefferies Financial Group began coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average target price of $78.75.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $67.88 on Wednesday. The business has a fifty day moving average price of $70.30 and a two-hundred day moving average price of $56.86. The stock has a market capitalization of $6.03 billion, a PE ratio of 91.73, a P/E/G ratio of 0.93 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services has a fifty-two week low of $30.06 and a fifty-two week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.Kodiak Gas Services’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities analysts predict that Kodiak Gas Services will post 2.36 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at $6,163,331.22. This represents a 1.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,354 shares of company stock valued at $568,536. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position 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 worth $40,000 after buying an additional 364 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after buying an additional 1,156 shares during the period. State of Wyoming boosted its position in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares during the last quarter. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 80.3% during the fourth 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. Finally, PNC Financial Services Group Inc. grew its holdings in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the period. 24.95% of the stock is owned by institutional investors.

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.