Kodiak Gas Services (NYSE:KGS) Trading Down 9.3% – Should You Sell?

Kodiak Gas Services, Inc. (NYSE:KGS) shares fell 9.3% during trading on Friday . The stock traded as low as $59.43 and last traded at $59.22. Approximately 1,343,861 shares were traded during mid-day trading, a decline of 19% from the average session volume of 1,660,620 shares. The stock had previously closed at $65.28.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a research note on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Kodiak Gas Services Trading Down 9.8%

The company has a 50 day moving average of $69.05 and a two-hundred day moving average of $59.40. The stock has a market capitalization of $5.23 billion, a PE ratio of 79.59, a P/E/G ratio of 0.93 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last released 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. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,523 shares of company stock valued at $921,319 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently made changes to their positions in KGS. Nisa Investment Advisors LLC raised its stake in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 1,156 shares during the period. State of Wyoming grew its stake in Kodiak Gas Services by 201.7% during the 4th 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 last quarter. GAMMA Investing LLC grew its stake in Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Company Profile

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.