Kodiak Gas Services (NYSE:KGS) Price Target Raised to $60.00 at Barclays

Key Points

• Barclays raised its price target on Kodiak Gas Services from $49 to $60 and kept an overweight rating, implying roughly a 4.1% upside from the prior close.
• Kodiak missed quarterly EPS at $0.40 versus $0.53 expected while revenue of $332.9M beat estimates and grew 7.6% year‑over‑year; the stock traded near $57.62 (close to its 12‑month high) with a P/E of 66.2 and a debt/equity ratio of 2.12.
• Major institutional investors—including Invesco, Vanguard and Zimmer Partners—substantially increased their stakes in the fourth quarter, leaving institutional ownership at about 24.95%.

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price objective boosted by analysts at Barclays from $49.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 4.13% from the stock's previous close.

KGS has been the subject of several other reports. Zacks Research lowered shares of Kodiak Gas Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 12th. Mizuho lifted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 20th. Wall Street Zen raised Kodiak Gas Services from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a research note on Thursday, November 6th. Finally, Citigroup lifted their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $51.25.

Kodiak Gas Services Stock Down 0.9%

Shares of KGS traded down $0.54 during mid-day trading on Thursday, reaching $57.62. 313,378 shares of the stock traded hands, compared to its average volume of 1,645,822. The stock has a fifty day simple moving average of $43.84 and a 200 day simple moving average of $38.20. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 66.23 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. Kodiak Gas Services's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Sell-side analysts expect that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Kodiak Gas Services by 20.4% during the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company's stock valued at $283,988,000 after buying an additional 1,287,485 shares during the last quarter. Vanguard Group Inc. increased its position in Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company's stock valued at $230,771,000 after acquiring an additional 1,559,172 shares during the period. Zimmer Partners LP raised its stake in Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company's stock valued at $159,756,000 after acquiring an additional 1,339,849 shares in the last quarter. State Street Corp raised its stake in Kodiak Gas Services by 31.8% during the 4th quarter. State Street Corp now owns 3,340,008 shares of the company's stock valued at $124,916,000 after acquiring an additional 806,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Kodiak Gas Services by 14.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,969,557 shares of the company's stock worth $111,061,000 after acquiring an additional 376,524 shares during the period. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.

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