Key Points
- EVP Cory Anne Roclawski sold 21,161 shares on March 12 at an average price of $56.52 for about $1.196 million, cutting her stake by 33.37% to 42,257 shares (SEC filing).
- Kodiak reported Q4 EPS of $0.40 vs. $0.53 expected, missing estimates by $0.13 while revenue of $332.87 million slightly beat expectations and rose 7.6% year-over-year.
- The company declared a quarterly dividend of $0.49 ($1.96 annualized)
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CAO Ewan William Hamilton sold 4,830 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $54.75, for a total transaction of $264,442.50. Following the sale, the chief accounting officer directly owned 42,234 shares in the company, valued at $2,312,311.50. This trade represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kodiak Gas Services Stock Performance
KGS stock opened at $55.18 on Tuesday. The company has a 50 day moving average price of $46.80 and a 200 day moving average price of $39.35. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week 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. The stock has a market capitalization of $4.74 billion, a PE ratio of 63.42 and a beta of 1.10.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.
Kodiak Gas Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.49 dividend. 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 Analyst Weigh In
Several analysts have weighed in on KGS shares. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, January 20th. William Blair started coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an "outperform" rating for the company. The Goldman Sachs Group increased their price objective on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Barclays raised their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Finally, Citigroup lifted their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of "Moderate Buy" and a consensus price target of $51.86.
Check Out Our Latest Stock Report on KGS
Hedge Funds Weigh In On Kodiak Gas Services
Several institutional investors have recently modified their holdings of KGS. Principal Financial Group Inc. raised its position in shares of Kodiak Gas Services by 492.8% in the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company's stock valued at $14,753,000 after acquiring an additional 331,732 shares during the period. Rhumbline Advisers increased its stake in Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company's stock valued at $6,624,000 after purchasing an additional 100,194 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in Kodiak Gas Services in the second quarter valued at approximately $1,068,000. Walleye Capital LLC raised its holdings in Kodiak Gas Services by 385.9% in the second quarter. Walleye Capital LLC now owns 401,983 shares of the company's stock worth $13,776,000 after purchasing an additional 319,257 shares during the period. Finally, Viking Fund Management LLC raised its holdings in Kodiak Gas Services by 42.7% in the third quarter. Viking Fund Management LLC now owns 127,000 shares of the company's stock worth $4,695,000 after purchasing an additional 38,000 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.
Kodiak Gas Services Company Profile
(
Get Free Report)
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.
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