Kodiak Gas Services (NYSE:KGS) EVP Cory Anne Roclawski Sells 10,852 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 10,852 shares of Kodiak Gas Services stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.41, for a total value of $590,457.32. Following the transaction, the executive vice president owned 31,405 shares in the company, valued at $1,708,746.05. This trade represents a 25.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cory Anne Roclawski also recently made the following trade(s):

• On Thursday, March 12th, Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72.

Kodiak Gas Services Stock Up 1.6%

NYSE KGS traded up $0.91 during trading hours on Tuesday, reaching $56.04. 490,073 shares of the company’s stock were exchanged, compared to its average volume of 1,582,962. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 64.38 and a beta of 1.10. The company’s 50-day moving average is $46.80 and its two-hundred day moving average is $39.35. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $58.50.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Royal Bank Of Canada increased their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Barclays boosted their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $51.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the period. State of Wyoming raised its position in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 worth $42,000 after buying an additional 1,156 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 556 shares during the period. 24.95% of the stock is currently owned by institutional investors.

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.