Kodiak Gas Services (NYSE:KGS) Reaches New 1-Year High – Time to Buy?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.26 and last traded at $50.04, with a volume of 312162 shares changing hands. The stock had previously closed at $48.05.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial lifted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Raymond James increased their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Two investment 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, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $39.36.

Kodiak Gas Services Stock Performance

The business’s 50 day simple moving average is $42.88 and its two-hundred day simple moving average is $34.42. The firm has a market capitalization of $4.09 billion, a P/E ratio of 161.23 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Insider Buying and Selling

In other news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on 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. This represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently bought and sold shares of KGS. Victory Capital Management Inc. purchased a new position in Kodiak Gas Services during the third quarter valued at $2,974,000. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services in the 3rd quarter worth approximately $610,000. Chesapeake Capital Corp IL bought a new stake in Kodiak Gas Services during the 3rd quarter worth approximately $603,000. Barclays PLC lifted its holdings in Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Kodiak Gas Services in the third quarter worth $598,000. 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.