Kodiak Gas Services (NYSE:KGS) Stock: Insider Margaret Montana Purchases 1,000 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) Director Margaret Montana acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was purchased at an average cost of $44.26 per share, with a total value of $44,260.00. Following the acquisition, the director directly owned 29,651 shares of the company’s stock, valued at $1,312,353.26. This trade represents a 3.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock traded up $0.50 during mid-day trading on Thursday, reaching $44.36. 2,940,982 shares of the stock traded hands, compared to its average volume of 1,768,813. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The business’s 50-day moving average is $51.95 and its 200-day moving average is $59.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.31 and a quick ratio of 1.15. The stock has a market capitalization of $4.50 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. The business had revenue of $401.79 million for the quarter, compared to analysts’ expectations of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s payout ratio is currently 114.62%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Kodiak Gas Services during the 2nd quarter valued at about $29,000. Core Capital Management & Research inc. purchased a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $64,000. Harbor Investment Advisory LLC purchased a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $76,000. Allworth Financial LP purchased a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $80,000. Finally, PNC Financial Services Group Inc. raised its stake in Kodiak Gas Services by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock worth $90,000 after acquiring an additional 352 shares during the period. Institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KGS. Stifel Nicolaus lowered their price objective on shares of Kodiak Gas Services from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays cut their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Jefferies Financial Group reduced their target price on shares of Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.92.

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.