Truist raised the firm’s price target on Kodiak Gas Services to $28 from $23 and keeps a Buy rating on the shares. The company continues to showcase some of best contract timing and utilization in the entire energy space, the analyst tells investors in a research note. Kodiak’s operational utilization also remains near 100%, and the firm sees no slowdown in compression or demand as Permian and other oil production continue to increase, the firm added.
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Read More on KGS:
- Kodiak Gas Services price target raised to $28 from $27 at Stifel
- Kodiak Gas Services downgraded to Neutral from Overweight at JPMorgan
- Kodiak Gas Services Reports Fourth Quarter and Full Year 2023 Results; Achieves Record Annual Revenues and Adjusted EBITDA; Provides Full Year 2024 Guidance
- Kodiak Gas Services sees 2024 adjusted EBITDA $460K-$490K
- Kodiak Gas Services reports Q4 EPS 28c, consensus 29c
