Kodiak Gas Services (NYSE:KGS) Director Alexander Newsom Darden Purchases 5,000 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Alexander Newsom Darden acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at $273,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Kodiak Gas Services Stock Up 1.8%

Shares of NYSE:KGS opened at $55.18 on Tuesday. The firm has a market capitalization of $4.74 billion, a PE ratio of 63.42 and a beta of 1.10. The business has a 50 day simple moving average of $46.80 and a two-hundred day simple moving average of $39.35. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.6%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 225.29%.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently made changes to their positions in KGS. Allworth Financial LP raised its holdings in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after acquiring an additional 703 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Kodiak Gas Services by 52.1% during 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 in the last quarter. State of Wyoming increased its position 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 period. Finally, GAMMA Investing LLC increased its position 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 period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Barclays upped their target price on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Citigroup raised their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.86.

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.