Citigroup Boosts Kodiak Gas Services (NYSE:KGS) Price Target to $63.00

Kodiak Gas Services (NYSE:KGS) had its price objective increased by research analysts at Citigroup from $53.00 to $63.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 9.32% from the company’s previous close.

A number of other research firms have also recently commented on KGS. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Barclays lifted their price objective on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a report on Thursday, November 6th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Kodiak Gas Services Trading Up 1.4%

Shares of KGS stock opened at $57.63 on Monday. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $58.20. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 66.24 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $43.41 and a 200-day simple moving average of $38.06.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.Kodiak Gas Services’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. On average, equities research analysts expect that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Institutional Trading of Kodiak Gas Services

Several large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the period. Nisa Investment Advisors LLC increased its position in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. State of Wyoming boosted its holdings in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other 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.