Mizuho Increases Kodiak Gas Services (NYSE:KGS) Price Target to $44.00

Kodiak Gas Services (NYSE:KGS) had its target price upped by stock analysts at Mizuho from $36.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 10.85% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on KGS. Barclays raised Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $42.00 in a research report on Tuesday, January 13th. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. William Blair assumed coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.83.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $39.69 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 49.62 and a beta of 1.31. Kodiak Gas Services has a twelve month low of $29.25 and a twelve month high of $50.43. The company has a 50-day simple moving average of $36.05 and a two-hundred day simple moving average of $34.84.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of Kodiak Gas Services by 59.9% during the 2nd 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 during the last quarter. Vanguard Group Inc. lifted its stake in Kodiak Gas Services by 41.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock valued at $170,476,000 after purchasing an additional 1,348,357 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Kodiak Gas Services in the 3rd quarter valued at approximately $28,385,000. Goldman Sachs Group Inc. lifted its stake in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after purchasing an additional 730,180 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kodiak Gas Services by 2,201.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock valued at $21,150,000 after buying an additional 590,337 shares in the last quarter. 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.