An Analysis of Kodiak Gas Services Inc. (KGS)’s Potential Price Growth


Kodiak Gas Services Inc.’s recently made public that its President & CEO McKee Robert Michael acquired Company’s shares for reported $0.23 million on Aug 24. In the deal valued at $18.04 per share,12,830 shares were bought. As a result of this transaction, McKee Robert Michael now holds 16,180 shares worth roughly $ 0.3 million.

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Then, McKee Robert Michael bought 3,350 shares, generating $60,587 in total proceeds. Upon buying the shares at $18.09, the President & CEO now owns 3,350 shares.

Before that, Montana Margaret C bought 5,000 shares. Kodiak Gas Services Inc. shares valued at $95,855 were divested by the Director at a price of $19.17 per share. As a result of the transaction, Montana Margaret C now holds 14,375 shares, worth roughly $0.27 million.

Raymond James reiterated its Kodiak Gas Services Inc. [KGS] rating to an Outperform in a research note published on Friday, August 11, 2023; the price target was $23. PT values the company’s stock at a premium of 19.65 to its Friday closing price.

Price Performance Review of KGS

On Friday, Kodiak Gas Services Inc. [NYSE:KGS] saw its stock jump 1.04% to $18.48. On the same session, the stock had its day’s lowest price of $18.34, but rose to a high of $18.61. Over the last five days, the stock has gained 1.71%. Kodiak Gas Services Inc. shares have risen nearly 17.71% since the year began. A total of 0.16 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For KGS Stock

The 24-hour chart illustrates a support level at 18.34, which if violated will result in even more drops to 18.21. On the upside, there is a resistance level at 18.61. A further resistance level may holdings at 18.75. The Relative Strength Index (RSI) on the 14-day chart is 53.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.87%. Stochastics %K at 34.61% indicates the stock is a holding.

How much short interest is there in Kodiak Gas Services Inc.?

A steep rise in short interest was recorded in Kodiak Gas Services Inc. stocks on Aug 14, 2023, dropping by -0.4 million shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.59 million shares. There was a decline of -206.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.5.

According to FactSet, Kodiak Gas Services Inc.’s share price will average $24.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.22 percent from its previous closing price of $18.29. Analysts expect Kodiak Gas Services Inc. stock to reach the higher price of $29.00, while the lowest price estimate is $22.00. However, 8 analysts have rated KGS stock as a Buy in their predictions for 2023.


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