Royal Bank of Canada Issues Positive Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its price target lifted by stock analysts at Royal Bank of Canada from $35.00 to $40.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 10.59% from the stock’s previous close.

A number of other research firms have also recently commented on KGS. Raymond James increased their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Barclays boosted their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $34.64.

Kodiak Gas Services Trading Down 0.4 %

Shares of NYSE KGS opened at $36.17 on Monday. The business has a fifty day moving average price of $30.40 and a 200 day moving average price of $28.32. Kodiak Gas Services has a 1-year low of $17.47 and a 1-year high of $36.64. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The stock has a market capitalization of $3.06 billion, a P/E ratio of 124.73 and a beta of 0.79.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 8.14%. The firm had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Equities research analysts expect that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd lifted its holdings in Kodiak Gas Services by 3.4% in the first quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock valued at $756,000 after acquiring an additional 906 shares during the period. Wellington Shields & Co. LLC lifted its stake in shares of Kodiak Gas Services by 16.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock valued at $191,000 after purchasing an additional 1,000 shares during the period. nVerses Capital LLC boosted its holdings in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. Dark Forest Capital Management LP grew its position in Kodiak Gas Services by 5.9% during the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after buying an additional 1,164 shares during the period. Finally, Security National Bank acquired a new stake in Kodiak Gas Services during the second quarter valued at $39,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.