Pedro Buhigas Sells 3,663 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 3,663 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the sale, the insider owned 32,413 shares of the company’s stock, valued at approximately $1,884,491.82. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kodiak Gas Services Trading Up 0.9%

Shares of NYSE KGS opened at $58.78 on Friday. The firm’s 50 day moving average price is $61.32 and its 200-day moving average price is $63.94. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The company has a market cap of $5.94 billion, a PE ratio of 69.98, a P/E/G ratio of 0.85 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The firm had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Kodiak Gas Services’s revenue was up 21.2% on a year-over-year basis. On average, equities research analysts expect that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at $29,000. Core Capital Management & Research inc. purchased a new stake in shares of Kodiak Gas Services in the 2nd quarter worth $64,000. Harbor Investment Advisory LLC bought a new position in Kodiak Gas Services in the 2nd quarter worth $76,000. Allworth Financial LP purchased a new position in Kodiak Gas Services during the second quarter valued at $80,000. Finally, Hilltop National Bank purchased a new position in Kodiak Gas Services during the second quarter valued at $102,000. 24.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on KGS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Stifel Nicolaus raised their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Wells Fargo & Company started coverage on Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target on the stock. Finally, Piper Sandler started coverage on Kodiak Gas Services in a research report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

About Kodiak Gas Services

Kodiak Gas Services, Inc (NYSE: KGS) provides natural gas compression services to producers, processors, gatherers and other midstream companies in the United States. Its compression equipment increases and maintains the pressure of natural gas as it moves from production sites through gathering systems, processing facilities and pipelines.

The company primarily operates under long-term contracts and offers compression-as-a-service solutions. Its services include the design, installation, operation, maintenance, repair and overhaul of natural gas compression equipment.