Key Points
- Insider sale: Pedro Buhigas sold 3,663 Kodiak Gas Services shares at an average price of $58.14, generating approximately $212,967. He retained 32,413 shares, reducing his position by 10.15%.
- Financial performance: Kodiak reported quarterly EPS of $0.55, below the $0.67 consensus estimate, while revenue rose 21.2% year over year to $391.12 million.
- Market outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $78.89, while the company pays a $0.49 quarterly dividend, yielding about 3.4% annually.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) insider Pedro Buhigas sold 3,663 shares of Kodiak Gas Services stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the completion of the sale, the insider directly owned 32,413 shares in the company, valued at approximately $1,884,491.82. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Kodiak Gas Services Trading Down 0.1%
NYSE KGS opened at $58.38 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $5.90 billion, a P/E ratio of 69.50, a P/E/G ratio of 0.85 and a beta of 0.96. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The firm has a 50-day moving average price of $61.50 and a 200 day moving average price of $63.98.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities research analysts expect that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.
Kodiak Gas Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services's dividend payout ratio is currently 233.33%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Jefferies Financial Group lowered their price target on shares of Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an "overweight" rating and a $93.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average price target of $78.89.
Get Our Latest Research Report on KGS
Institutional Investors Weigh In On Kodiak Gas Services
Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC purchased a new position in Kodiak Gas Services during the 2nd quarter valued at about $1,986,000. Crown Advisors Management Inc. purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at about $4,508,000. Hsbc Holdings PLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $2,486,000. HighTower Advisors LLC grew its position in shares of Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company's stock valued at $2,158,000 after purchasing an additional 16,619 shares during the last quarter. Finally, Seven Grand Managers LLC lifted its stake in Kodiak Gas Services by 400.0% in the 4th quarter. Seven Grand Managers LLC now owns 500,000 shares of the company's stock valued at $18,700,000 after buying an additional 400,000 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.
Kodiak Gas Services Company Profile
(
Get Free Report)
Kodiak Gas Services, Inc (NYSE: KGS) provides natural gas compression services to producers, processors, gatherers and other midstream companies in the United States. Its compression equipment increases and maintains the pressure of natural gas as it moves from production sites through gathering systems, processing facilities and pipelines.
The company primarily operates under long-term contracts and offers compression-as-a-service solutions. Its services include the design, installation, operation, maintenance, repair and overhaul of natural gas compression equipment.
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