Kodiak Gas Services, Inc. (NYSE:KGS) Stock Has Average Price Target of $79.18 According to Analysts

Key Points

• Analysts are broadly positive: Kodiak Gas Services has a “Moderate Buy” consensus from 15 analysts, with 13 buy ratings and a $79.18 average 12-month price target.
• Recent quarterly results were mixed: EPS of $0.55 missed the $0.67 consensus, while revenue of $391.12 million topped expectations and rose 21.2% year over year.
• KGS opened at $41.21, below its 50-day and 200-day moving averages; company insiders sold 23,002 shares worth about $1.33 million over the past 90 days.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.18.

Several research firms recently issued reports on KGS. Bank of America dropped their price target on shares of Kodiak Gas Services from $83.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, October 27th. UBS Group reissued a "buy" rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Zacks Research downgraded Kodiak Gas Services from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. Mizuho set a $72.00 target price on Kodiak Gas Services in a research note on Monday, October 12th. Finally, Stifel Nicolaus lifted their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, CEO Robert McKee sold 6,008 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12. Following the completion of the sale, the chief executive officer owned 298,589 shares in the company, valued at $18,628,967.71. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pedro Buhigas sold 3,663 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.14, for a total value of $212,966.82. Following the sale, the insider owned 32,413 shares in the company, valued at $1,884,491.82. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,002 shares of company stock valued at $1,325,334. Insiders own 0.64% of the company's stock.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $1,986,000. Hsbc Holdings PLC bought a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at approximately $2,486,000. Crown Advisors Management Inc. acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $4,508,000. Dimensional Fund Advisors LP raised its position in shares of Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock valued at $181,108,000 after acquiring an additional 135,998 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $882,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Down 11.5%

KGS opened at $41.21 on Thursday. The firm's 50 day moving average is $53.66 and its 200-day moving average is $59.07. Kodiak Gas Services has a 52-week low of $32.55 and a 52-week high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $4.18 billion, a P/E ratio of 49.06 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to analysts' expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Analysts expect that Kodiak Gas Services will post 2.43 EPS for the current fiscal year.

About Kodiak Gas Services

Kodiak Gas Services, Inc NYSE: KGS provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.