Insider Selling: Kodiak Gas Services (NYSE:KGS) CAO Sells 2,729 Shares of Stock

Key Points

  • Kodiak Gas Services CAO Ewan William Hamilton sold 2,729 shares on June 16 at an average price of $68.62, totaling about $187,264. After the sale, he still owned 31,617 shares, marking a 7.95% reduction in his position.
  • The company recently posted better-than-expected quarterly results, with EPS of $0.59 versus the $0.54 consensus and revenue of $345.76 million, up 4.9% year over year.
  • Analyst sentiment remains constructive, with multiple firms initiating or raising targets and an overall “Moderate Buy” rating; the average price target is $75.22, above the recent share price near $67.91.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CAO Ewan William Hamilton sold 2,729 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer directly owned 31,617 shares of the company's stock, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $67.91 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The firm's 50-day simple moving average is $67.76 and its 200-day simple moving average is $53.22. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $77.68. The firm has a market cap of $6.03 billion, a P/E ratio of 91.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94.




Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same period in the previous year, the business earned $0.33 EPS. The firm's revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services's payout ratio is 264.86%.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Kodiak Gas Services by 16.6% in the first quarter. Bank of America Corp DE now owns 1,537,818 shares of the company's stock worth $89,686,000 after acquiring an additional 219,214 shares during the last quarter. Amundi raised its stake in shares of Kodiak Gas Services by 48.1% in the first quarter. Amundi now owns 9,745 shares of the company's stock worth $568,000 after acquiring an additional 3,166 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Kodiak Gas Services by 10.7% in the first quarter. California State Teachers Retirement System now owns 100,396 shares of the company's stock worth $5,855,000 after acquiring an additional 9,706 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Kodiak Gas Services by 7.7% in the first quarter. Royal Bank of Canada now owns 13,789 shares of the company's stock worth $804,000 after acquiring an additional 983 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Kodiak Gas Services by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 38,183 shares of the company's stock worth $2,227,000 after acquiring an additional 773 shares during the last quarter. 24.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an "overweight" rating and a $93.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They set a "buy" rating and a $79.00 target price on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Royal Bank Of Canada lifted their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an "outperform" rating in a research report on Monday, May 18th. Finally, Stifel Nicolaus set a $84.00 target price on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $75.22.

Check Out Our Latest Stock 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.

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