Kodiak Gas Services (NYSE:KGS) Shares Gap Down – What’s Next?

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) gapped down before the market opened on Friday . The stock had previously closed at $49.66, but opened at $47.75. Kodiak Gas Services shares last traded at $47.54, with a volume of 378,117 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KGS. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Royal Bank of Canada boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Barclays boosted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Raymond James boosted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $39.36.

Kodiak Gas Services Stock Down 4.0 %

The business has a fifty day moving average of $42.75 and a two-hundred day moving average of $34.29. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 164.20 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 Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services during the fourth quarter worth about $122,000. SG Americas Securities LLC purchased a new position in shares of Kodiak Gas Services during the third quarter worth about $125,000. Hsbc Holdings PLC purchased a new position in shares of Kodiak Gas Services during the second quarter worth about $208,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Kodiak Gas Services during the third quarter worth about $242,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

About Kodiak Gas Services

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.