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

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

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $66.51 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 89.87, a P/E/G ratio of 0.95 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 firm’s 50-day moving average price is $67.92 and its two-hundred day moving average price is $53.45.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised 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 worth $40,000 after purchasing an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,156 shares during the last quarter. State of Wyoming grew its holdings in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 last quarter. Finally, PNC Financial Services Group Inc. grew its holdings 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 last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Jefferies Financial Group began coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price on the stock. Barclays increased their price objective on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $75.22.

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.