Barclays Issues Pessimistic Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price objective cut by Barclays from $41.00 to $36.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 9.39% from the stock's current price.

KGS has been the subject of several other research reports. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Mizuho upped their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of "Moderate Buy" and a consensus price target of $41.45.

Kodiak Gas Services Stock Down 4.3 %

Shares of NYSE KGS traded down $1.49 during trading on Wednesday, hitting $32.91. 325,325 shares of the company traded hands, compared to its average volume of 785,503. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The business's fifty day moving average is $37.89 and its 200 day moving average is $38.95. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 113.49 and a beta of 1.52. Kodiak Gas Services has a fifty-two week low of $24.84 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Equities research 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, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by insiders.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of KGS. GAMMA Investing LLC lifted its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Comerica Bank boosted its holdings in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after acquiring an additional 701 shares during the period. Amalgamated Bank grew its stake in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services during the fourth quarter valued at approximately $49,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.