Wall Street Zen Upgrades Kodiak Gas Services (NYSE:KGS) to “Hold”

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

KGS has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Citigroup boosted their price objective 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, February 6th. Mizuho increased their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. William Blair assumed coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Finally, Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Kodiak Gas Services Price Performance

Shares of KGS opened at $50.50 on Friday. The stock has a 50 day simple moving average of $40.94 and a 200 day simple moving average of $37.00. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $52.70. 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 firm has a market capitalization of $4.38 billion, a PE ratio of 63.12 and a beta of 1.31.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of KGS. Royal Bank of Canada boosted its position in Kodiak Gas Services by 67.5% during the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after purchasing an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 buying an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after buying an additional 48,122 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.