Ewan William Hamilton Sells 4,830 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 4,830 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.75, for a total value of $264,442.50. Following the sale, the chief accounting officer owned 42,234 shares in the company, valued at $2,312,311.50. This represents a 10.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kodiak Gas Services Price Performance

KGS traded up $0.98 on Monday, reaching $55.18. The stock had a trading volume of 956,410 shares, compared to its average volume of 1,597,321. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 63.42 and a beta of 1.10. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50. The firm has a 50-day moving average of $46.43 and a 200-day moving average of $39.21.

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

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KGS shares. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Mizuho increased their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, Barclays raised their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Kodiak Gas Services by 0.9% in the 4th quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after purchasing an additional 209 shares during the last quarter. United Advisor Group LLC raised its stake in Kodiak Gas Services by 2.0% during the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after buying an additional 304 shares during the last quarter. Comerica Bank raised its stake in Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after buying an additional 357 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Kodiak Gas Services by 4.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after buying an additional 360 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in 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 buying an additional 364 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.