Insider Buying: Kodiak Gas Services (NYSE:KGS) Director Buys $44,260.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Margaret Montana purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were bought at an average cost of $44.26 per share, with a total value of $44,260.00. Following the purchase, the director directly owned 29,651 shares of the company’s stock, valued at approximately $1,312,353.26. This represents a 3.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Kodiak Gas Services Trading Up 0.5%

Shares of NYSE KGS traded up $0.23 during trading hours on Friday, reaching $44.63. The stock had a trading volume of 2,155,222 shares, compared to its average volume of 2,249,255. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 0.72 and a beta of 1.07. The business’s fifty day moving average price is $51.26 and its two-hundred day moving average price is $59.18. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, November 9th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $401.79 million for the quarter, compared to the consensus estimate of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. Kodiak Gas Services’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Analysts expect that Kodiak Gas Services, Inc. will post 2.47 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio is currently 114.62%.

Wall Street Analyst Weigh In

KGS has been the subject of several recent research reports. Mizuho decreased their price objective on Kodiak Gas Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, November 10th. Royal Bank Of Canada dropped their target price on shares of Kodiak Gas Services from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Tuesday, November 10th. Barclays cut their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Bank of America reduced their price target on shares of Kodiak Gas Services from $83.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Finally, Jefferies Financial Group lowered their price target on shares of Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $1,142,139,000. Dimensional Fund Advisors LP lifted its position in Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after acquiring an additional 135,998 shares during the last quarter. Wellington Management Group LLP lifted its position in Kodiak Gas Services by 85.0% during the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock valued at $182,729,000 after acquiring an additional 1,117,743 shares during the last quarter. Bank of America Corp DE lifted its position in Kodiak Gas Services by 16.6% during the first quarter. Bank of America Corp DE now owns 1,537,818 shares of the company’s stock valued at $89,686,000 after acquiring an additional 219,214 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in Kodiak Gas Services in the second quarter valued at approximately $84,821,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services News Summary

These are some of the KGS news items that stood out recently:

• Positive Sentiment: Three directors bought shares: Alexander Darden acquired 10,000 shares for about $449,900, while Gretchen Lynn Holloway and Margaret Montana bought 1,145 and 1,000 shares, respectively. The purchases may signal confidence in Kodiak. Darden SEC filing Holloway SEC filing
• Positive Sentiment: Wells Fargo lowered its price target to $66 from $93 but kept an Overweight rating; Citigroup cut its target to $75 from $82 while retaining Buy. Both targets remain above the cited share price. Wells Fargo rating Citigroup rating
• Positive Sentiment: Kodiak raised its quarterly dividend to $0.51 from $0.49, a potential positive for income-focused investors. Company news and filings

Kodiak Gas Services Company Profile

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.