Kodiak Gas Services' (KGS) "Buy" Rating Reiterated at JPMorgan Chase & Co.

Kodiak Gas Services (NYSE:KGS - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Monday,Benzinga reports. They currently have a $43.00 price objective on the stock, up from their prior price objective of $42.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 25.88% from the company's current price.

Several other equities analysts have also recently issued reports on KGS. Truist Financial lifted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Raymond James Financial reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays lowered their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho reduced their price objective on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.64.

Kodiak Gas Services Trading Down 1.0%

KGS stock traded down $0.36 during mid-day trading on Monday, hitting $34.16. 204,702 shares of the company were exchanged, compared to its average volume of 884,180. Kodiak Gas Services has a 12-month low of $24.84 and a 12-month high of $50.43. The firm has a market capitalization of $3.03 billion, a P/E ratio of 64.60 and a beta of 1.49. The business has a fifty day simple moving average of $34.83 and a 200-day simple moving average of $38.97. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The company's quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, equities research analysts predict that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Kodiak Gas Services by 50.2% during the 4th quarter. FMR LLC now owns 7,342,296 shares of the company's stock worth $299,786,000 after purchasing an additional 2,452,492 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Kodiak Gas Services during the fourth quarter worth about $66,122,000. Zimmer Partners LP boosted its position in shares of Kodiak Gas Services by 88.1% in the fourth quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock worth $136,687,000 after buying an additional 1,567,849 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Kodiak Gas Services in the first quarter worth about $40,648,000. Finally, Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 52.3% in the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after buying an additional 913,104 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.