Kodiak Gas Services (NYSE:KGS) Trading Down 5.8% – What’s Next?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price dropped 5.8% during trading on Friday . The company traded as low as $32.56 and last traded at $32.48. Approximately 524,812 shares were traded during trading, a decline of 52% from the average daily volume of 1,100,260 shares. The stock had previously closed at $34.48.

Wall Street Analyst Weigh In

KGS has been the subject of a number of analyst reports. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.09.

Kodiak Gas Services Stock Performance

The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $44.31 and a two-hundred day simple moving average of $37.17. The company has a market cap of $2.98 billion, a PE ratio of 117.26 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is currently 565.52%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % 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. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several large investors have recently modified their holdings of KGS. Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services during the third quarter worth approximately $610,000. Victory Capital Management Inc. purchased a new stake in shares of Kodiak Gas Services during the third quarter worth approximately $2,974,000. Royce & Associates LP purchased a new stake in shares of Kodiak Gas Services during the third quarter worth approximately $3,770,000. TSA Wealth Managment LLC raised its stake in shares of Kodiak Gas Services by 30.9% during the third quarter. TSA Wealth Managment LLC now owns 84,550 shares of the company’s stock worth $2,452,000 after purchasing an additional 19,974 shares during the last quarter. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Kodiak Gas Services during the third quarter worth approximately $603,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

About Kodiak Gas Services

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.