The Goldman Sachs Group Raises Kodiak Gas Services (NYSE:KGS) Price Target to $60.00

Kodiak Gas Services (NYSE:KGS) had its price objective increased by research analysts at The Goldman Sachs Group from $46.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 4.11% from the stock’s previous close.

Several other brokerages have also recently commented on KGS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. 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. William Blair began coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Mizuho upped their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.88.

Kodiak Gas Services Stock Up 1.4%

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

Kodiak Gas Services (NYSE:KGS) last posted 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). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same period last year, the company earned $0.21 EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current year.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Kodiak Gas Services by 67.5% in the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after acquiring an additional 4,126 shares in the last quarter. AQR Capital Management LLC raised its position in Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after purchasing an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kodiak Gas Services by 44.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after purchasing an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after purchasing an additional 48,122 shares during the last quarter. Institutional investors and hedge funds 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.