Mizuho lowered the firm’s price target on Kodiak Gas Services (KGS) to $44 from $47 and keeps an Outperform rating on the shares. The firm views the company’s capital plan as consistent with growing contracted margins in a tight natural gas market in the Permian. It cites adjusted estimates post Kodiak’s Q3 report for the target drop.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGS:
- Kodiak Gas Services Stock Sale Agreement Finalized
- Kodiak Gas Services 9.76M share Spot Secondary priced at $34.60
- Kodiak Gas Services announces public offering of stock by stockholder
- Kodiak Gas Services removed from US Conviction List at Goldman Sachs
- Kodiak Gas Services announces dual listing on NYSE Texas