Insider Selling: Kodiak Gas Services (NYSE:KGS) Insider Sells 13,942 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 13,942 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total transaction of $776,987.66. Following the transaction, the insider owned 42,723 shares in the company, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kodiak Gas Services Stock Performance

Shares of KGS traded down $0.31 during mid-day trading on Friday, hitting $57.00. 269,529 shares of the company’s stock were exchanged, compared to its average volume of 1,553,378. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $58.50. The stock’s 50-day simple moving average is $48.02 and its 200-day simple moving average is $39.72. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 65.45 and a beta of 1.11.

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

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is 225.29%.

Analyst Ratings Changes

KGS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday. Mizuho increased their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Finally, Citigroup boosted their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $54.57.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after acquiring an additional 331,732 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Kodiak Gas Services by 126.9% in the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after purchasing an additional 100,194 shares during the period. Tyler Stone Wealth Management bought a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at $1,068,000. Walleye Capital LLC increased its position in shares of Kodiak Gas Services by 385.9% during the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after buying an additional 319,257 shares during the period. Finally, Viking Fund Management LLC raised its stake in Kodiak Gas Services by 42.7% during the third quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock worth $4,695,000 after buying an additional 38,000 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

About Kodiak Gas Services

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.