Kodiak Gas Services (NYSE:KGS) CAO Sells $187,263.98 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the sale, the chief accounting officer owned 31,617 shares of the company’s stock, valued at $2,169,558.54. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kodiak Gas Services Stock Up 4.2%

Shares of NYSE:KGS opened at $69.34 on Friday. The firm has a market cap of $6.16 billion, a P/E ratio of 93.71, a P/E/G ratio of 0.93 and a beta of 0.94. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The business has a fifty day simple moving average of $68.13 and a 200 day simple moving average of $53.69. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results 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 firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Analysts predict that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s payout ratio is currently 264.86%.

Institutional Investors Weigh In On Kodiak Gas Services

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted 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 during the period. State of Wyoming grew its position in shares of Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 815 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares during the period. GAMMA Investing LLC increased its stake in shares of Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Jefferies Financial Group began coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. 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. Finally, Citigroup increased their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average target price of $75.22.

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.