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

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the sale, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $66.51 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The stock has a market cap of $5.90 billion, a PE ratio of 89.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The stock has a 50-day moving average of $67.92 and a 200-day moving average of $53.45. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68.

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

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid 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 of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

Analysts Set New Price Targets

KGS has been the subject of a number of research reports. Citigroup increased their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of Kodiak Gas Services by 16.6% during the 1st quarter. Bank of America Corp DE now owns 1,537,818 shares of the company’s stock worth $89,686,000 after acquiring an additional 219,214 shares in the last quarter. Amundi grew its stake in shares of Kodiak Gas Services by 48.1% during the 1st quarter. Amundi now owns 9,745 shares of the company’s stock worth $568,000 after acquiring an additional 3,166 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Kodiak Gas Services by 10.7% during the 1st quarter. California State Teachers Retirement System now owns 100,396 shares of the company’s stock worth $5,855,000 after acquiring an additional 9,706 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Kodiak Gas Services by 7.7% during the 1st quarter. Royal Bank of Canada now owns 13,789 shares of the company’s stock worth $804,000 after acquiring an additional 983 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Kodiak Gas Services by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 38,183 shares of the company’s stock worth $2,227,000 after acquiring an additional 773 shares in the last quarter. 24.95% of the stock is 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.