Kodiak Gas Services (NYSE:KGS) Given New $44.00 Price Target at The Goldman Sachs Group

Kodiak Gas Services (NYSE:KGS) had its target price lifted by The Goldman Sachs Group from $32.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 10.72% from the company’s previous close.

A number of other research analysts have also recently issued reports on KGS. Royal Bank of Canada lifted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Stifel Nicolaus upped their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Barclays lifted their price objective 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. Finally, Bank of America assumed coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $35.82.

Kodiak Gas Services Trading Down 1.7 %

NYSE KGS opened at $39.74 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $3.48 billion, a PE ratio of 137.04 and a beta of 0.79. The stock’s 50 day moving average is $32.29 and its 200 day moving average is $28.93. Kodiak Gas Services has a twelve month low of $17.50 and a twelve month high of $41.25.

Insider Transactions at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its stake in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in Kodiak Gas Services by 16.7% during the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock valued at $191,000 after acquiring an additional 1,000 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Kodiak Gas Services by 5.9% in the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after acquiring an additional 1,164 shares in the last quarter. Security National Bank bought a new position in shares of Kodiak Gas Services in the second quarter worth about $39,000. Finally, HWG Holdings LP bought a new position in shares of Kodiak Gas Services in the second quarter worth about $40,000. 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.