Kodiak Gas Services Inc (KGS) PT Raised to $28 at Truist Securities, 'continues to showcase some of best contract timing and utilization'

Truist Securities analyst Neal Dingmann raised the price target on Kodiak Gas Services Inc (NYSE: KGS) to $28.00 (from $23.00) while maintaining a Buy rating.

The analyst commented: "Kodiak continues to showcase some of best contract timing and utilization in the entire energy space. The company is close to finalizing 1Q25 contracts with most customers while continuing to work on extended period negotiations. KGS’s operational utilization remains near 100%, one of many selling points to existing and new customers. We anticipate no slowdown in compression/KGS demand as Permian and other oil production continue to increase while LNG begins to play a larger upcoming role. As such, we increase our price target to $28 from $23."

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