Mizuho Initiates Coverage on Kodiak Gas Services (NYSE:KGS)

Investment analysts at Mizuho started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $36.00 price target on the stock. Mizuho’s price objective points to a potential upside of 17.80% from the company’s current price.

A number of other analysts also recently issued reports on KGS. Bank of America assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. Truist Financial upped their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Stifel Nicolaus raised their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their price target on Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Barclays started coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.45.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $30.56 on Wednesday. The stock has a 50 day moving average of $27.51 and a 200 day moving average of $27.31. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 34.73 and a beta of 0.89. Kodiak Gas Services has a 12 month low of $16.72 and a 12 month high of $30.90. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70.

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

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Security National Bank bought a new position in Kodiak Gas Services in the 2nd quarter worth about $39,000. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services during the second quarter worth about $40,000. PNC Financial Services Group Inc. bought a new position in shares of Kodiak Gas Services in the fourth quarter worth approximately $46,000. nVerses Capital LLC raised its stake in Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in Kodiak Gas Services during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors 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.