Wall Street Zen Downgrades Kodiak Gas Services (NYSE:KGS) to Sell

by · The Cerbat Gem

Kodiak Gas Services (NYSE:KGS – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Barclays decreased their price target on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 8th. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Finally, William Blair started coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Check Out Our Latest Analysis on Kodiak Gas Services

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $37.22 on Friday. The business’s fifty day moving average is $35.05 and its 200 day moving average is $34.42. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 46.52 and a beta of 1.33. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $50.43.

Kodiak Gas Services (NYSE:KGS – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The company had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. Research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd boosted its holdings in Kodiak Gas Services by 4.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after acquiring an additional 360 shares during the period. Captrust Financial Advisors lifted its position in Kodiak Gas Services by 2.7% in the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after purchasing an additional 448 shares during the last quarter. CWM LLC lifted its position in Kodiak Gas Services by 4.3% in the second quarter. CWM LLC now owns 14,804 shares of the company’s stock valued at $507,000 after purchasing an additional 608 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the period. Finally, Amplify Investments LLC grew its holdings in shares of Kodiak Gas Services by 35.7% in the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

About Kodiak Gas Services

(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.

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