Mizuho Has Lowered Expectations for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its price objective cut by equities research analysts at Mizuho from $46.00 to $45.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 31.44% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Truist Financial increased their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the company an “outperform” rating in a report on Tuesday, March 11th. Finally, Barclays cut their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.55.

Kodiak Gas Services Trading Down 3.4%

NYSE:KGS opened at $34.24 on Tuesday. Kodiak Gas Services has a one year low of $24.84 and a one year high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company’s 50-day simple moving average is $35.12 and its 200 day simple moving average is $39.39. The firm has a market capitalization of $3.04 billion, a P/E ratio of 118.06 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business’s revenue was up 52.9% on a year-over-year basis. As a group, analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KGS. Comerica Bank raised its position 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 acquiring an additional 632 shares during the period. Quarry LP bought a new position in Kodiak Gas Services in the first quarter worth approximately $30,000. Sterling Capital Management LLC raised its position in 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. BI Asset Management Fondsmaeglerselskab A S bought a new position in Kodiak Gas Services in the first quarter worth approximately $37,000. Finally, Amalgamated Bank raised its position in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after acquiring an additional 588 shares during the period. 24.95% of the stock is currently owned by institutional investors.

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.