Kodiak Gas Services (NYSE:KGS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Kodiak Gas Services (NYSE:KGS) had its price objective lifted by equities researchers at Royal Bank Of Canada from $45.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 14.69% from the stock’s current price.

KGS has been the subject of several other reports. Citigroup lifted their target price 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. Barclays increased their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $54.57.

Kodiak Gas Services Trading Down 2.6%

Kodiak Gas Services stock opened at $55.80 on Thursday. Kodiak Gas Services has a 12 month low of $29.25 and a 12 month high of $58.50. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 64.14 and a beta of 1.11. The business’s fifty day simple moving average is $48.41 and its two-hundred day simple moving average is $39.86. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12.

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

Insider Buying and Selling

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 13,942 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Newsom Darden bought 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $54.75 per share, with a total value of $273,750.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $273,750. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after purchasing an additional 1,824,407 shares during the last quarter. Vanguard Group Inc. increased 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 valued at $230,771,000 after purchasing an additional 1,559,172 shares during the last quarter. CIBC Private Wealth Group LLC increased 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 valued at $55,040,000 after purchasing an additional 1,424,888 shares during the last quarter. Zimmer Partners LP lifted its stake 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 worth $159,756,000 after purchasing an additional 1,339,849 shares during the period. Finally, Eagle Global Advisors LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter worth approximately $39,741,000. Hedge funds and other 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.