Kodiak Gas Services (NYSE:KGS) Director Alexander Newsom Darden Purchases 10,000 Shares of Company Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Alexander Darden bought 10,000 shares of Kodiak Gas Services stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $44.99 per share, with a total value of $449,900.00. Following the acquisition, the director owned 17,135 shares in the company, valued at approximately $770,903.65. This represents a 140.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kodiak Gas Services Stock Up 0.5%

Shares of KGS stock traded up $0.23 during mid-day trading on Friday, hitting $44.63. The company’s stock had a trading volume of 2,155,217 shares, compared to its average volume of 1,770,319. The stock has a market cap of $4.52 billion, a price-to-earnings 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 quick ratio of 1.15 and a current ratio of 1.31. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The business has a 50-day moving average price of $51.61 and a 200 day moving average price of $59.16.

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

Kodiak Gas Services Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Kodiak Gas Services in the second quarter worth about $29,000. Core Capital Management & Research inc. purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at about $64,000. Harbor Investment Advisory LLC purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at about $76,000. Allworth Financial LP bought a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $80,000. Finally, Hilltop National Bank bought a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $102,000. Institutional investors own 24.95% of the company’s stock.

Latest Kodiak Gas Services News

Here’s some of the latest news about KGS:

• 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
• Negative Sentiment: COO William Lenamon sold 1,000 shares for about $44,200, reducing his direct holdings by 1.19%. The sale is small relative to his remaining stake but could weigh slightly on sentiment. SEC filing

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Kodiak Gas Services from $93.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler assumed coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price objective for the company. Jefferies Financial Group lowered their price objective on shares of Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Zacks Research downgraded shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.