Pedro Buhigas Sells 4,625 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 4,625 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the sale, the insider owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kodiak Gas Services Stock Up 4.2%

Shares of NYSE:KGS opened at $69.34 on Friday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 93.71, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94. Kodiak Gas Services, Inc. has a 1-year low of $30.06 and a 1-year high of $77.68. The company’s fifty day moving average is $68.13 and its two-hundred day moving average is $53.69. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. During the same period in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after buying an additional 364 shares during the period. EverSource Wealth Advisors LLC raised its stake in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares in the last quarter. State of Wyoming raised its stake in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares in the last quarter. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group initiated coverage on Kodiak Gas Services in a report on Thursday, June 4th. They set a “buy” rating and a $79.00 target price for the company. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Stifel Nicolaus set a $84.00 price objective on Kodiak Gas Services in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group increased their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.22.

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.