Barclays Forecasts Strong Price Appreciation for Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services (NYSE:KGS) had its target price hoisted by investment analysts at Barclays from $32.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 2.81% from the stock’s previous close.

A number of other brokerages have also issued reports on KGS. Bank of America began coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price for the company. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price for the company. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They set a “buy” rating and a $35.00 target price for the company. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Stock Up 5.7 %

Shares of KGS opened at $45.27 on Monday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 156.11 and a beta of 1.15. Kodiak Gas Services has a 12-month low of $20.84 and a 12-month high of $45.42. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a fifty day moving average price of $39.84 and a 200-day moving average price of $32.52.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Kodiak Gas Services in the third quarter worth about $610,000. Victory Capital Management Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter valued at about $2,974,000. Chesapeake Capital Corp IL acquired a new position in shares of Kodiak Gas Services during the third quarter valued at about $603,000. Barclays PLC increased its holdings in shares of Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after acquiring an additional 28,658 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Kodiak Gas Services during the third quarter valued at about $598,000. 24.95% of the stock is currently owned by institutional investors.

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.