Kodiak Gas Services (NYSE:KGS) Downgraded by Wall Street Zen to “Sell”

Kodiak Gas Services (NYSE:KGS) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts have also commented on KGS. Barclays raised their price target on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. William Blair initiated coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Kodiak Gas Services Trading Up 5.5%

Shares of NYSE KGS opened at $49.93 on Friday. Kodiak Gas Services has a twelve month low of $29.25 and a twelve month high of $50.34. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 62.41 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The company’s fifty day moving average is $38.07 and its 200-day moving average is $35.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS. Equities research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd grew its stake in Kodiak Gas Services by 86.1% in the fourth quarter. Covestor Ltd now owns 3,560 shares of the company’s stock valued at $133,000 after purchasing an additional 1,647 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 29.5% in the 4th quarter. ProShare Advisors LLC now owns 16,404 shares of the company’s stock valued at $614,000 after buying an additional 3,737 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after buying an additional 16,619 shares in the last quarter. Hiddenite Capital Partners LP acquired a new position in Kodiak Gas Services during the fourth quarter worth $11,220,000. Finally, Thrivent Financial for Lutherans increased its holdings in Kodiak Gas Services by 15.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 73,163 shares of the company’s stock worth $2,736,000 after buying an additional 9,631 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.