Kodiak Gas Services (NYSE:KGS) Director Margaret Montana Acquires 1,000 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Margaret Montana acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were purchased at an average cost of $44.26 per share, for a total transaction of $44,260.00. Following the completion of the purchase, the director directly owned 29,651 shares of the company’s stock, valued at approximately $1,312,353.26. The trade was a 3.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $44.36 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a 50 day moving average of $51.61 and a 200-day moving average of $59.16. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.72 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, November 9th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The business had revenue of $401.79 million for the quarter, compared to the consensus estimate of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. Kodiak Gas Services’s revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, equities analysts forecast that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, November 16th. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio is 114.62%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KGS. UBS Group restated a “buy” rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Barclays decreased their price target on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Raymond James Financial reiterated an “outperform” rating and issued a $70.00 price target on shares of Kodiak Gas Services in a report on Tuesday. Zacks Research lowered Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Finally, Stifel Nicolaus dropped their price objective on Kodiak Gas Services from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Kodiak Gas Services in the second quarter valued at about $1,142,139,000. Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after buying an additional 135,998 shares during the period. Wellington Management Group LLP boosted its holdings in Kodiak Gas Services by 85.0% during the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock worth $182,729,000 after buying an additional 1,117,743 shares during the last quarter. Bank of America Corp DE boosted its holdings in Kodiak Gas Services by 16.6% during the first quarter. Bank of America Corp DE now owns 1,537,818 shares of the company’s stock worth $89,686,000 after buying an additional 219,214 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP bought a new position in Kodiak Gas Services during the second quarter worth about $84,821,000. 24.95% of the stock is currently owned by institutional investors.

Latest Kodiak Gas Services News

Here’s some of the latest news about KGS:

• Neutral Sentiment: Citigroup lowered its price target to $75 from $82 but maintained a Buy rating, leaving a substantially higher target than the cited $44.36 share price. The cut tempers the positive rating. Citigroup ratings
• Neutral Sentiment: Analyst coverage was mixed: RBC was reported as sticking with a Buy rating, while other headlines described pessimistic forecasts from RBC and Stifel. The available reports do not specify the details of those forecasts. RBC rating Stifel forecast RBC forecast
• Negative Sentiment: A recent article raised the question of whether KGS is overvalued, which could add to valuation concerns despite its reference to raised guidance. Valuation analysis

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.