Kodiak Gas Services (NYSE:KGS) Insider Sells $212,966.82 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 3,663 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the sale, the insider directly owned 32,413 shares in the company, valued at approximately $1,884,491.82. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded down $0.03 during midday trading on Thursday, hitting $58.38. 1,970,828 shares of the company’s stock were exchanged, compared to its average volume of 1,691,075. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The firm has a market cap of $5.90 billion, a P/E ratio of 69.50, a PEG ratio of 0.84 and a beta of 0.96. The stock’s 50 day moving average price is $61.68 and its 200-day moving average price is $63.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15.

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 analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.

Kodiak Gas Services Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Piper Sandler began coverage on shares of Kodiak Gas Services in a research report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target for the company. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently modified their holdings of the company. Core Capital Management & Research inc. bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth $64,000. Engineers Gate Manager LP bought a new position in Kodiak Gas Services during the second quarter valued at about $424,000. Squarepoint Ops LLC boosted its stake in Kodiak Gas Services by 5,472.9% during the second quarter. Squarepoint Ops LLC now owns 589,510 shares of the company’s stock valued at $44,290,000 after buying an additional 600,482 shares in the last quarter. Arizona State Retirement System boosted its stake in Kodiak Gas Services by 13.6% during the second quarter. Arizona State Retirement System now owns 26,724 shares of the company’s stock valued at $2,008,000 after buying an additional 3,189 shares in the last quarter. Finally, Nykredit A S acquired a new position in Kodiak Gas Services during the second quarter worth about $309,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.