Randall Hogan Buys 6,000 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Randall Hogan acquired 6,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $54.81 per share, with a total value of $328,860.00. Following the transaction, the director owned 28,406 shares in the company, valued at $1,556,932.86. The trade was a 26.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.98 during mid-day trading on Monday, hitting $55.18. The stock 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 PE ratio of 63.42 and a beta of 1.10. The company’s 50-day simple moving average is $46.43 and its 200-day simple moving average is $39.21. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analyst estimates 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 was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.6%. Kodiak Gas Services’s payout ratio is presently 225.29%.

Analysts Set New Price Targets

Several research firms have recently commented on KGS. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays raised their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.86.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the period. Nisa Investment Advisors LLC increased its stake 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 purchasing an additional 364 shares in the last quarter. State of Wyoming raised its holdings in 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 purchasing an additional 815 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 1,156 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 purchasing an additional 556 shares in the last quarter. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.