Look For Institutional Buying In Kodiak Gas Services Inc (NYSE: KGS)

Kodiak Gas Services Inc (KGS) concluded trading on Wednesday at a closing price of $39.82, with 0.44 million shares of worth about $17.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.98% during that period and on November 27, 2024 the price saw a loss of about -0.23%. Currently the company’s common shares owned by public are about 77.40M shares, out of which, 38.06M shares are available for trading.

Stock saw a price change of 1.84% in past 5 days and over the past one month there was a price change of 25.54%. Year-to-date (YTD), KGS shares are showing a performance of 98.31% which increased to 121.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.50 but also hit the highest price of $41.25 during that period. The average intraday trading volume for Kodiak Gas Services Inc shares is 708.29K. The stock is currently trading 9.46% above its 20-day simple moving average (SMA20), while that difference is up 20.60% for SMA50 and it goes to 40.06% higher than SMA200.

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Kodiak Gas Services Inc (NYSE: KGS) currently have 77.40M outstanding shares and institutions hold larger chunk of about 36.97% of that.

The stock has a current market capitalization of $3.49B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 132.73, while it has posted earnings per share of $0.30 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 2.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KGS, volatility over the week remained 2.87% while standing at 3.23% over the month.

Stock’s fiscal year EPS is expected to rise by 256.22% while it is estimated to increase by 76.77% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on October 02, 2024 offering an Outperform rating for the stock and assigned a target price of $36 to it. Coverage by Citigroup stated Kodiak Gas Services Inc (KGS) stock as a Buy in their note to investors on September 27, 2024, suggesting a price target of $35 for the stock. On September 19, 2024, Redburn Atlantic Initiated their recommendations, while on September 18, 2024, BofA Securities Resumed their ratings for the stock with a price target of $30. Stock get an Equal weight rating from Barclays on July 17, 2024.

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