Kodiak Gas Services (NYSE:KGS) Now Covered by Analysts at Citigroup

Equities research analysts at Citigroup began coverage on shares of Kodiak Gas Services (NYSE:KGS) in a research note issued to investors on Friday, Marketbeat reports. The firm set a “buy” rating and a $35.00 price target on the stock. Citigroup’s price target would suggest a potential upside of 19.70% from the stock’s current price.

A number of other research firms also recently commented on KGS. Barclays initiated coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target for the company. Bank of America initiated coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Truist Financial raised their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Redburn Atlantic started 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, Stifel Nicolaus raised their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $32.10.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $29.24 on Friday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 33.23 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $27.44 and its two-hundred day moving average is $27.23. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $30.52.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). The company had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. Analysts forecast that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Institutional Trading of Kodiak Gas Services

A number of large investors have recently modified their holdings of KGS. Goldman Sachs Group Inc. grew its position in Kodiak Gas Services by 20.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after purchasing an additional 215,570 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in Kodiak Gas Services by 74.8% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock valued at $21,279,000 after acquiring an additional 334,086 shares during the period. Blackstone Inc. raised its stake in Kodiak Gas Services by 1,358.3% during the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after acquiring an additional 600,055 shares in the last quarter. American Century Companies Inc. boosted its position in Kodiak Gas Services by 63.2% during the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock worth $15,685,000 after acquiring an additional 222,830 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after purchasing an additional 7,640 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.