Kodiak Gas Services (NYSE:KGS) Price Target Raised to $31.00 at The Goldman Sachs Group

by · The Cerbat Gem

Kodiak Gas Services (NYSE:KGS – Free Report) had its target price upped by The Goldman Sachs Group from $27.00 to $31.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Truist Financial decreased their target price on Kodiak Gas Services from $25.00 to $23.00 and set a buy rating on the stock in a report on Wednesday, December 20th. Raymond James increased their target price on Kodiak Gas Services from $23.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a neutral rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of Moderate Buy and a consensus target price of $25.14.

Check Out Our Latest Stock Analysis on Kodiak Gas Services

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $26.93 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $21.46. Kodiak Gas Services has a 52-week low of $15.05 and a 52-week high of $29.00.

Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million during the quarter, compared to analysts’ expectations of $224.45 million. On average, equities research analysts anticipate that Kodiak Gas Services will post 1.82 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.64%. The ex-dividend date was Thursday, February 15th.

Insider Activity at Kodiak Gas Services

In other news, Director Margaret C. Montana purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the acquisition, the director now directly owns 16,375 shares in the company, valued at $413,468.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd boosted its holdings in Kodiak Gas Services by 30.2% during the fourth quarter. Quadrature Capital Ltd now owns 26,736 shares of the company’s stock worth $537,000 after buying an additional 6,198 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Kodiak Gas Services during the fourth quarter worth about $46,000. Vanguard Group Inc. boosted its holdings in Kodiak Gas Services by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 1,117,752 shares of the company’s stock worth $22,444,000 after buying an additional 149,953 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kodiak Gas Services by 20.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after buying an additional 215,570 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Kodiak Gas Services during the fourth quarter worth about $585,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

(Get Free Report)

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.

Featured Articles