Kodiak Gas Services (NYSE:KGS) CAO Sells $115,527.75 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.25, for a total value of $115,527.75. Following the sale, the chief accounting officer directly owned 40,143 shares of the company’s stock, valued at approximately $2,217,900.75. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ewan William Hamilton also recently made the following trade(s):

• On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The shares were sold at an average price of $54.75, for a total value of $264,442.50.

Kodiak Gas Services Stock Performance

NYSE KGS traded up $0.91 on Tuesday, reaching $56.04. The stock had a trading volume of 490,073 shares, compared to its average volume of 1,582,962. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The company has a market cap of $4.81 billion, a P/E ratio of 64.38 and a beta of 1.10. The firm has a fifty day moving average of $46.80 and a two-hundred day moving average of $39.35. Kodiak Gas Services, Inc. has a 1-year low of $29.25 and a 1-year high of $58.50.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Mizuho raised their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Citigroup upped their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $51.86.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares during the last quarter. State of Wyoming raised its stake in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.