Kodiak Gas Services (NYSE:KGS) CAO Ewan William Hamilton Sells 2,729 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the sale, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock traded down $1.34 during mid-day trading on Tuesday, reaching $67.91. 1,432,882 shares of the company’s stock were exchanged, compared to its average volume of 1,600,415. The business’s fifty day simple moving average is $67.56 and its 200 day simple moving average is $52.99. The firm has a market capitalization of $6.03 billion, a PE ratio of 91.77, a P/E/G ratio of 0.97 and a beta of 0.94. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

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

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is 264.86%.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGS. Nisa Investment Advisors LLC grew its position in 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 in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 1,501.3% in the 2nd 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. State of Wyoming boosted its holdings in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 80.3% in the 4th 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. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KGS. Barclays boosted their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $84.00 target price on Kodiak Gas Services in a research note on Tuesday, May 12th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Nine equities research 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 company currently has an average rating of “Moderate Buy” and a consensus target price 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.