Insider Selling: Kodiak Gas Services (NYSE:KGS) Insider Sells 4,625 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the sale, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded down $1.36 during mid-day trading on Wednesday, hitting $66.51. The company had a trading volume of 1,455,167 shares, compared to its average volume of 1,599,151. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 89.87, a PEG ratio of 0.97 and a beta of 0.94. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68. 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 firm’s 50 day simple moving average is $67.76 and its two-hundred day simple moving average is $53.22.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million for 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 quarterly 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. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a $0.49 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 2.9%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KGS shares. Stifel Nicolaus set a $84.00 price target on Kodiak Gas Services in a report on Tuesday, May 12th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group assumed coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They set a “buy” rating and a $79.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.22.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board acquired a new stake in Kodiak Gas Services during the third quarter valued at $9,491,000. Rhumbline Advisers increased its position in Kodiak Gas Services by 126.9% in the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after purchasing an additional 100,194 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kodiak Gas Services by 29.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after purchasing an additional 203,809 shares in the last quarter. Westend Capital Management LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter valued at about $13,585,000. Finally, Maven Securities LTD lifted its holdings in shares of Kodiak Gas Services by 694.0% during the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after buying an additional 87,406 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

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.