Kodiak Gas Services (NYSE:KGS) Hits New 52-Week High – Still a Buy?

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on KGS shares. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James increased their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.36.

Kodiak Gas Services Price Performance

The company has a market capitalization of $4.39 billion, a P/E ratio of 172.64 and a beta of 1.15. The company’s 50-day simple moving average is $42.58 and its 200 day simple moving average is $34.19. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors have recently modified their holdings of KGS. GAMMA Investing LLC grew its stake in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after buying an additional 342 shares during the last quarter. Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter worth about $122,000. SG Americas Securities LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. Hsbc Holdings PLC acquired a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $208,000. Finally, Quadrature Capital Ltd bought a new stake in Kodiak Gas Services during the 3rd quarter valued at approximately $242,000. 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.