Key Points
- CAO Ewan William Hamilton sold a total of 12,718 shares from March 13–17 (including 5,797 shares on March 17 at $56.18), generating about $705,646 in proceeds; after the sales he owns 34,346 shares, a roughly 14.4% reduction in his position.
- Kodiak missed quarterly EPS (reported $0.40 vs. $0.53 expected) while revenue rose 7.6% year-over-year, and the company declared a quarterly dividend of $0.49 (annualized yield ~3.5%) despite a very high payout ratio of about 225%.
- Analysts have upgraded targets recently (Citigroup to $63, Goldman to $60), leaving a consensus rating of Moderate Buy
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CAO Ewan William Hamilton sold 5,797 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer owned 34,346 shares of the company's stock, valued at approximately $1,929,558.28. The trade was a 14.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ewan William Hamilton also recently made the following trade(s):
- On Monday, March 16th, Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock. The shares were sold at an average price of $55.25, for a total transaction of $115,527.75.
- On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The stock was sold at an average price of $54.75, for a total transaction of $264,442.50.
Kodiak Gas Services Trading Down 0.8%
Shares of KGS stock opened at $55.56 on Thursday. Kodiak Gas Services, Inc. has a 52-week low of $29.25 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The company has a 50-day simple moving average of $47.60 and a two-hundred day simple moving average of $39.60. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 63.86 and a beta of 1.11.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 EPS 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 firm had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. During the same period in the prior year, the business earned $0.21 EPS. Kodiak Gas Services's quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.
Kodiak Gas Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services's dividend payout ratio (DPR) is presently 225.29%.
Analyst Ratings Changes
KGS has been the topic of several research analyst reports. Citigroup boosted their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Mizuho lifted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Kodiak Gas Services in a report on Monday, December 29th. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Kodiak Gas Services from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.86.
Check Out Our Latest Report on Kodiak Gas Services
Hedge Funds Weigh In On Kodiak Gas Services
Several institutional investors and hedge funds have recently bought and sold shares of KGS. Allworth Financial LP raised its stake 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 buying an additional 703 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of 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 during the period. EverSource Wealth Advisors LLC increased its holdings in Kodiak Gas Services by 1,501.3% in 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 last quarter. State of Wyoming raised its stake in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company's stock valued at $46,000 after acquiring an additional 815 shares during the period. Finally, GAMMA Investing LLC raised its stake in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company's stock valued at $47,000 after acquiring an additional 556 shares during the period. 24.95% of the stock is owned by institutional investors.
About Kodiak Gas Services
(
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.
Further Reading
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