Kodiak Gas Services (NYSE:KGS) Director Acquires $273,750.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Alexander Newsom Darden acquired 5,000 shares of Kodiak Gas Services stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $54.75 per share, with a total value of $273,750.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $273,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded up $0.98 on Monday, reaching $55.18. 956,410 shares of the stock were exchanged, compared to its average volume of 1,597,321. The business has a 50 day moving average price of $46.43 and a two-hundred day moving average price of $39.21. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 63.42 and a beta of 1.10. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $58.50. 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 (NYSE:KGS) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same quarter last year, the company posted $0.21 EPS. Kodiak Gas Services’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.6%. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. Allworth Financial LP grew its position in Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the period. Nisa Investment Advisors LLC increased its holdings 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 raised its position in shares of 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 worth $42,000 after acquiring an additional 1,156 shares during the period. State of Wyoming raised its position in shares of Kodiak Gas Services by 201.7% in 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 during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 80.3% during the 4th 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. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on KGS shares. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays increased their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. William Blair assumed coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. Citigroup upped their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Mizuho raised their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.86.

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.