Kodiak Gas Services (NYSE:KGS) Stock Gets Price Target Cut from Wells Fargo & Company

Kodiak Gas Services (NYSE:KGS) had its price target dropped by equities research analysts at Wells Fargo & Company from $93.00 to $66.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 49.85% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Zacks Research lowered Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Barclays decreased their target price on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada dropped their price target on Kodiak Gas Services from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday. Mizuho cut their price target on shares of Kodiak Gas Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Citigroup reduced their price objective on shares of Kodiak Gas Services from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Kodiak Gas Services Trading Down 0.8%

Shares of NYSE KGS traded down $0.35 during trading hours on Friday, hitting $44.05. The company’s stock had a trading volume of 222,705 shares, compared to its average volume of 1,761,341. Kodiak Gas Services has a 12 month low of $32.55 and a 12 month high of $77.68. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 0.72 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.31. The business has a 50-day simple moving average of $51.61 and a 200-day simple moving average of $59.16.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, November 9th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The business had revenue of $401.79 million during the quarter, compared to analyst estimates of $387.50 million. During the same quarter in the prior year, the company posted $0.36 EPS. Kodiak Gas Services’s quarterly revenue was up 24.5% compared to the same quarter last year. On average, analysts anticipate that Kodiak Gas Services will post 2.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 3,663 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the completion of the sale, the insider directly owned 32,413 shares in the company, valued at approximately $1,884,491.82. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert McKee sold 2,666 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $45.55, for a total value of $121,436.30. Following the completion of the transaction, the chief executive officer directly owned 287,258 shares in the company, valued at approximately $13,084,601.90. This represents a 0.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,002 shares of company stock worth $1,369,534 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at $1,986,000. Hsbc Holdings PLC bought a new position in Kodiak Gas Services in the 2nd quarter worth $2,486,000. Crown Advisors Management Inc. bought a new position in Kodiak Gas Services in the 2nd quarter worth $4,508,000. Copeland Capital Management LLC boosted its holdings in Kodiak Gas Services by 39.2% in the 3rd quarter. Copeland Capital Management LLC now owns 662,857 shares of the company’s stock worth $35,112,000 after buying an additional 186,822 shares during the period. Finally, Quantbot Technologies LP bought a new position in Kodiak Gas Services in the 2nd quarter worth $882,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.