Kodiak Gas Services (NYSE:KGS) Stock Price Down 9.3% – Time to Sell?

Kodiak Gas Services, Inc. (NYSE:KGS)’s stock price dropped 9.3% on Friday . The stock traded as low as $59.43 and last traded at $59.22. Approximately 1,343,861 shares changed hands during trading, a decline of 19% from the average daily volume of 1,660,620 shares. The stock had previously closed at $65.28.

Analysts Set New Price Targets

A number of brokerages have issued reports on KGS. Stifel Nicolaus lifted their target price on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Citigroup lifted their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of Kodiak Gas Services in a research note on Thursday, June 4th. They set a “buy” rating and a $79.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.50.

Kodiak Gas Services Stock Performance

The company has a market cap of $5.20 billion, a P/E ratio of 79.11, a P/E/G ratio of 1.05 and a beta of 0.89. The firm has a 50 day moving average price of $69.35 and a 200-day moving average price of $59.40. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts predict that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is 264.86%.

Insider Activity

In related news, insider Pedro R. Buhigas sold 4,625 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the sale, the insider directly owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the transaction, the chief operating officer owned 87,294 shares in the company, valued at $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $76,000. Nisa Investment Advisors LLC lifted its position in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the period. State of Wyoming increased its holdings in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 period. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 556 shares during the period. 24.95% of the stock is currently owned by institutional investors.

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.