Zacks Research Upgrades Kodiak Gas Services (NYSE:KGS) to “Hold”

Kodiak Gas Services (NYSE:KGS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Citigroup raised their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Mizuho raised their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Barclays raised their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada raised their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.86.

Kodiak Gas Services Stock Performance

KGS stock opened at $70.28 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The stock has a market cap of $6.04 billion, a P/E ratio of 80.78, a P/E/G ratio of 1.01 and a beta of 1.01. The firm has a 50 day simple moving average of $60.00 and a 200 day simple moving average of $46.17. Kodiak Gas Services has a 52 week low of $30.06 and a 52 week high of $71.92.

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). The company had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Research analysts anticipate that Kodiak Gas Services will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan bought 6,000 shares of Kodiak Gas Services stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the purchase, the director directly owned 28,406 shares of the company’s stock, valued at $1,556,932.86. The trade was a 26.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.64% of the stock is owned by insiders.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Kodiak Gas Services by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after acquiring an additional 209 shares during the last quarter. United Advisor Group LLC raised its position in shares of Kodiak Gas Services by 2.0% in the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock valued at $592,000 after purchasing an additional 304 shares during the period. Comerica Bank raised its position in shares of Kodiak Gas Services by 1.8% in the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock valued at $767,000 after purchasing an additional 357 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the period. Finally, Aurora Investment Counsel raised its position in shares of Kodiak Gas Services by 0.6% in the fourth quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock valued at $2,513,000 after purchasing an additional 397 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.