Kodiak Gas Services (NYSE:KGS) Insider Pedro Buhigas Sells 3,663 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 3,663 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.14, for a total transaction of $212,966.82. Following the transaction, the insider owned 32,413 shares of the company’s stock, valued at $1,884,491.82. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kodiak Gas Services Price Performance

Shares of KGS opened at $58.38 on Friday. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 69.50, a PEG ratio of 0.85 and a beta of 0.96. The firm’s fifty day simple moving average is $61.50 and its 200-day simple moving average is $63.98. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. Equities analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at $29,000. Core Capital Management & Research inc. purchased a new position in shares of Kodiak Gas Services in the 2nd quarter valued at approximately $64,000. Harbor Investment Advisory LLC acquired a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $76,000. Allworth Financial LP acquired a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $80,000. Finally, Hilltop National Bank purchased a new stake in shares of Kodiak Gas Services during the second quarter worth approximately $102,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Piper Sandler began coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Barclays dropped their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc (NYSE: KGS) provides natural gas compression services to producers, processors, gatherers and other midstream companies in the United States. Its compression equipment increases and maintains the pressure of natural gas as it moves from production sites through gathering systems, processing facilities and pipelines.

The company primarily operates under long-term contracts and offers compression-as-a-service solutions. Its services include the design, installation, operation, maintenance, repair and overhaul of natural gas compression equipment.