Kodiak Gas Services (NYSE:KGS) Upgraded by Wall Street Zen to “Hold” Rating

Kodiak Gas Services (NYSE:KGS) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also issued reports on the stock. Mizuho boosted their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Citigroup increased their price target on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Barclays lifted their price objective on Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada increased their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $50.50 on Friday. The firm has a market capitalization of $4.38 billion, a PE ratio of 63.12 and a beta of 1.31. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $52.70. The business’s 50 day moving average is $40.94 and its 200-day moving average is $37.00.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently bought and sold shares of KGS. Principal Financial Group Inc. grew its holdings in Kodiak Gas Services by 492.8% during the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after purchasing an additional 331,732 shares during the period. Tyler Stone Wealth Management acquired a new stake in Kodiak Gas Services in the second quarter worth $1,068,000. Walleye Capital LLC boosted its position in shares of Kodiak Gas Services by 385.9% during the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after purchasing an additional 319,257 shares in the last quarter. Viking Fund Management LLC grew its holdings in shares of Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after buying an additional 38,000 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Kodiak Gas Services by 395.1% in the 3rd quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock valued at $3,136,000 after buying an additional 67,704 shares in the last quarter. 24.95% of the stock is currently owned by 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.