Cory Anne Roclawski Sells 4,169 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 4,169 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the transaction, the executive vice president directly owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kodiak Gas Services Trading Down 3.6%

NYSE KGS opened at $67.31 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of 90.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The business’s 50-day moving average price is $70.39 and its two-hundred day moving average price is $57.32. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, analysts expect that Kodiak Gas Services, Inc. will post 2.36 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company 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. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 2.9%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KGS shares. Jefferies Financial Group initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. Citigroup upped their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Barclays lowered their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus set a $84.00 price objective on Kodiak Gas Services in a research note on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $78.75.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently made changes to their positions in KGS. Nisa Investment Advisors LLC increased its position in Kodiak Gas Services by 52.1% in the 4th 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 boosted its holdings 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 worth $42,000 after acquiring an additional 1,156 shares in the last quarter. State of Wyoming grew its stake in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares during the period. GAMMA Investing LLC grew its stake in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Kodiak Gas Services by 80.4% in the third 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 during the period. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services News Roundup

Here are the key news stories impacting Kodiak Gas Services this week:

• Positive Sentiment: Kodiak Gas Services announced a multi-year agreement with Baker Hughes to support data center power needs, a deal that could expand revenue opportunities and position the company for growth in a fast-growing end market. Article Title
• Positive Sentiment: Several articles highlighted that investors are reacting favorably to the Baker Hughes partnership, suggesting the market sees the deal as a potential catalyst for Kodiak Gas Services shares. Article Title
• Neutral Sentiment: Barclays lowered its price target on KGS to $72 from $76, but kept an overweight rating, indicating analysts still see upside even after trimming expectations. Article Title
• Neutral Sentiment: Insider trading news showed EVP Cory Anne Roclawski sold 4,169 shares, which can weigh on sentiment somewhat, though the sale was relatively modest versus her remaining stake. Article Title

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.