Kodiak Gas Services (NYSE:KGS) CAO Sells $264,442.50 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 4,830 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.75, for a total value of $264,442.50. Following the sale, the chief accounting officer directly owned 42,234 shares in the company, valued at approximately $2,312,311.50. This trade represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kodiak Gas Services Price Performance

Shares of NYSE KGS traded up $0.98 during mid-day trading on Monday, reaching $55.18. The company had a trading volume of 956,410 shares, compared to its average volume of 1,597,321. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 63.42 and a beta of 1.10. The business’s 50-day simple moving average is $46.43 and its 200 day simple moving average is $39.21. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $58.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. On average, research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is 225.29%.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the last quarter. Nisa Investment Advisors LLC boosted its position 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Kodiak Gas Services by 1,501.3% during the second 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 last quarter. State of Wyoming increased its holdings in shares of Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 815 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after buying an additional 556 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KGS. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Citigroup upped their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Mizuho lifted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Barclays boosted their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.86.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.