Insider Buying: Kodiak Gas Services (NYSE:KGS) Director Purchases 1,145 Shares of Company Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Gretchen Lynn Holloway purchased 1,145 shares of the stock in a transaction dated Thursday, November 12th. The stock was purchased at an average price of $43.63 per share, with a total value of $49,956.35. Following the completion of the acquisition, the director directly owned 22,686 shares in the company, valued at approximately $989,790.18. The trade was a 5.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.23 on Friday, hitting $44.63. 2,155,222 shares of the stock traded hands, compared to its average volume of 1,770,319. The company’s fifty day moving average is $51.61 and its 200 day moving average is $59.16. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a market capitalization of $4.52 billion, a PE ratio of 26.10, a PEG ratio of 0.72 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.31 and a quick ratio of 1.15.

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

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a $0.51 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.04 annualized dividend and a dividend yield of 4.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 114.62%.

Latest Kodiak Gas Services News

Investors following KGS have been watching these news items:

• Positive Sentiment: Kodiak raised its quarterly dividend to $0.51 per share from $0.49, a 4% increase. The company also recently beat quarterly earnings and revenue estimates, with revenue up 24.5% year over year. Company and earnings information
• Positive Sentiment: Director Margaret Montana bought 1,000 shares for about $44,260, increasing her stake by 3.49%. SEC filing
• Neutral Sentiment: Wells Fargo cut its price target to $66 from $93 but kept an Overweight rating; Citigroup lowered its target to $75 from $82 and retained Buy. RBC, Stifel and Mizuho also trimmed targets while maintaining positive ratings. The cuts may temper sentiment, although the targets remain above the recently cited share price. Wells Fargo analyst rating Citigroup analyst rating

Analysts Set New Price Targets

Several research firms recently weighed in on KGS. Raymond James Financial reiterated an “outperform” rating and set a $70.00 price objective on shares of Kodiak Gas Services in a research note on Tuesday. Jefferies Financial Group decreased their target price on Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday. Royal Bank Of Canada lowered their target price on Kodiak Gas Services from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Tuesday. Piper Sandler began coverage on Kodiak Gas Services in a research report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently modified their holdings of KGS. Advisors Preferred LLC acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter worth about $1,986,000. Hsbc Holdings PLC bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $2,486,000. Crown Advisors Management Inc. bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $4,508,000. Copeland Capital Management LLC boosted its stake in Kodiak Gas Services by 39.2% during the 3rd quarter. Copeland Capital Management LLC now owns 662,857 shares of the company’s stock valued at $35,112,000 after purchasing an additional 186,822 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

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.