Kodiak Gas Services (NYSE:KGS) Insider Pedro Buhigas Sells 13,942 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 13,942 shares of Kodiak Gas Services stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $55.80 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 64.14 and a beta of 1.11. Kodiak Gas Services, Inc. has a 52-week low of $29.25 and a 52-week high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The company’s 50 day moving average is $48.41 and its 200 day moving average is $39.86.

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

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s payout ratio is 225.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

Institutional Trading of Kodiak Gas Services

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after buying an additional 331,732 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after buying an additional 100,194 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Kodiak Gas Services in the second quarter worth about $1,068,000. Walleye Capital LLC grew its holdings in Kodiak Gas Services by 385.9% during the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after acquiring an additional 319,257 shares during the period. Finally, Viking Fund Management LLC grew its holdings in Kodiak Gas Services by 42.7% during the third quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock worth $4,695,000 after acquiring an additional 38,000 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Company Profile

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.