Insider Selling: Kodiak Gas Services (NYSE:KGS) Insider Sells 13,942 Shares of Stock

Key Points

  • Insider sale: Pedro Buhigas sold 13,942 KGS shares on March 19 at an average price of $55.73 (proceeds ~$776,988), cutting his ownership by 24.6% to 42,723 shares valued at about $2.38M.
  • Earnings and dividend: Kodiak missed quarterly EPS estimates ($0.40 vs. $0.53) while revenue rose 7.6% YoY to $332.9M; the company pays a $0.49 quarterly dividend (3.5% yield) but with a very high payout ratio (~225%).
  • Analyst sentiment and valuation: Multiple brokers raised targets (RBC $64, Citi $63, Barclays $60) giving a consensus "Moderate Buy" target of $54.57, while KGS trades near $55–$58 with a market cap of ~$4.79B and a PE of 64.14.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) insider Pedro Buhigas sold 13,942 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total transaction of $776,987.66. Following the completion of the transaction, the insider owned 42,723 shares of the company's stock, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS opened at $55.80 on Friday. The company has a market capitalization of $4.79 billion, a PE ratio of 64.14 and a beta of 1.11. 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's fifty day moving average price is $48.41 and its 200 day moving average price is $39.86. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $330.95 million. During the same quarter last year, the company posted $0.21 EPS. The company's revenue was up 7.6% on a year-over-year basis. On average, research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend




The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.5%. Kodiak Gas Services's dividend payout ratio is currently 225.29%.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company's stock valued at $14,753,000 after purchasing an additional 331,732 shares during the last quarter. Rhumbline Advisers boosted its stake in Kodiak Gas Services by 126.9% during the third quarter. Rhumbline Advisers now owns 179,160 shares of the company's stock worth $6,624,000 after buying an additional 100,194 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at $1,068,000. Walleye Capital LLC grew its holdings in Kodiak Gas Services by 385.9% in the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company's stock valued at $13,776,000 after buying an additional 319,257 shares in the last quarter. Finally, Viking Fund Management LLC increased its stake in shares of Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company's stock worth $4,695,000 after acquiring an additional 38,000 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on KGS. Royal Bank Of Canada upped their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday. Mizuho boosted their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, January 20th. Weiss Ratings restated a "hold (c)" rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Barclays increased their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an "overweight" rating in a report 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 company a "buy" rating in a research 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 company's stock. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

Get Our Latest Report on KGS

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.

See Also

Insider Buying and Selling by Quarter for Kodiak Gas Services (NYSE:KGS)

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