Kodiak Gas Services (NYSE:KGS) Price Target Increased to $32.00 by Analysts at Raymond James

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its target price increased by equities researchers at Raymond James from $30.00 to $32.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price objective would indicate a potential upside of 20.53% from the company's current price.

Several other research analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Truist Financial lowered their price target on Kodiak Gas Services from $25.00 to $23.00 and set a "buy" rating for the company in a report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.14.

Kodiak Gas Services Price Performance

NYSE KGS traded down $0.08 during trading hours on Tuesday, reaching $26.55. The stock had a trading volume of 403,069 shares, compared to its average volume of 469,217. The stock has a fifty day moving average of $26.03 and a 200 day moving average of $21.60. Kodiak Gas Services has a 52-week low of $15.05 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million during the quarter, compared to analyst estimates of $224.45 million. Research analysts forecast that Kodiak Gas Services will post 1.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Margaret C. Montana purchased 2,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $25.25 per share, with a total value of $50,500.00. Following the completion of the acquisition, the director now directly owns 16,375 shares in the company, valued at approximately $413,468.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in Kodiak Gas Services in the third quarter valued at about $32,000. Deutsche Bank AG acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $38,000. PNC Financial Services Group Inc. acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $46,000. Barclays PLC acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $53,000. Finally, Strs Ohio acquired a new stake in Kodiak Gas Services in the 3rd quarter valued at approximately $57,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.