Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) EVP Cory Anne Roclawski sold 4,169 shares of the firm's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the completion of the transaction, the executive vice president owned 24,662 shares in the company, valued at $1,685,894.32. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kodiak Gas Services Stock Performance
Shares of KGS opened at $70.00 on Thursday. The company has a market capitalization of $6.21 billion, a PE ratio of 94.59, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The company's fifty day moving average price is $70.38 and its 200 day moving average price is $57.10.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. As a group, analysts expect that Kodiak Gas Services, Inc. will post 2.36 earnings per share for the current year.
Kodiak Gas Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a yield of 2.8%. Kodiak Gas Services's dividend payout ratio is presently 264.86%.
Hedge Funds Weigh In On Kodiak Gas Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company's stock valued at $33,713,000 after purchasing an additional 203,809 shares during the period. Westend Capital Management LLC bought a new position in Kodiak Gas Services in the fourth quarter worth $13,585,000. Maven Securities LTD lifted its position in Kodiak Gas Services by 694.0% in the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company's stock worth $3,740,000 after purchasing an additional 87,406 shares during the period. HighTower Advisors LLC lifted its position in Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company's stock worth $2,158,000 after purchasing an additional 16,619 shares during the period. Finally, Argentarii LLC boosted its stake in Kodiak Gas Services by 293.7% during the fourth quarter. Argentarii LLC now owns 23,620 shares of the company's stock worth $883,000 after buying an additional 17,620 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
KGS has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They issued a "buy" rating and a $79.00 price target on the stock. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Citigroup raised their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, May 13th. Wells Fargo & Company assumed 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. Finally, Stifel Nicolaus set a $84.00 target price on shares of Kodiak Gas Services in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.75.
Check Out Our Latest Report on Kodiak Gas Services
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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