Raymond James Increases Kodiak Gas Services (NYSE:KGS) Price Target to $25.00

Kodiak Gas Services (NYSE:KGSGet Free Report) had its price objective increased by investment analysts at Raymond James from $23.00 to $25.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 6.75% from the stock’s previous close.

A number of other brokerages have also commented on KGS. The Goldman Sachs Group dropped their price target on Kodiak Gas Services from $25.00 to $24.00 in a report on Thursday, October 5th. Truist Financial dropped their price target 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.57.

Read Our Latest Stock Analysis on KGS

Kodiak Gas Services Stock Performance

KGS stock opened at $23.42 on Tuesday. Kodiak Gas Services has a twelve month low of $15.05 and a twelve month high of $23.78. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.65 and a current ratio of 0.97. The stock’s 50 day moving average is $20.12 and its 200-day moving average is $18.67.

Kodiak Gas Services (NYSE:KGSGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $230.98 million during the quarter, compared to the consensus estimate of $207.79 million. The business’s revenue was up 26.5% compared to the same quarter last year. On average, research analysts predict that Kodiak Gas Services will post 0.36 EPS for the current year.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently made changes to their positions in KGS. Ion Asset Management Ltd. bought a new stake in shares of Kodiak Gas Services in the second quarter valued at $25,984,000. Citadel Advisors LLC purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $23,706,000. Zimmer Partners LP purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $21,112,000. Goldman Sachs Group Inc. purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $18,359,000. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $17,864,000. 23.50% of the stock is currently owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Kodiak Gas Services (NYSE:KGS)

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