Kodiak Gas Services (NYSE:KGS) Stock: Insider Alexander Newsom Darden Acquires 10,000 Shares

Key Points

  • Director Alexander Darden bought 10,000 shares at an average price of $44.99, investing about $449,900 and increasing his direct holdings by 140.15% to 17,135 shares.
  • Kodiak reported quarterly earnings of $0.70 per share, beating the $0.62 estimate, while revenue of $401.79 million exceeded forecasts and rose 24.5% year over year.
  • The company raised its quarterly dividend from $0.49 to $0.51 per share, equivalent to a 4.6% annualized yield at the share price cited in the article.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) Director Alexander Darden bought 10,000 shares of Kodiak Gas Services stock in a transaction on Wednesday, November 11th. The shares were purchased at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director directly owned 17,135 shares in the company, valued at $770,903.65. This trade represents a 140.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kodiak Gas Services Stock Performance

NYSE KGS traded up $0.23 on Friday, hitting $44.63. The stock had a trading volume of 2,155,222 shares, compared to its average volume of 2,249,255. The company's 50-day moving average is $51.26 and its two-hundred day moving average is $59.18. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 0.72 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 1.28.




Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. The company had revenue of $401.79 million for the quarter, compared to analysts' expectations of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The business's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, analysts expect that Kodiak Gas Services, Inc. will post 2.47 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be given a $0.51 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.04 annualized dividend and a yield of 4.6%. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.49. Kodiak Gas Services's payout ratio is 114.62%.

Kodiak Gas Services News Summary

These are some of the KGS news items that stood out recently:

  • Positive Sentiment: Wells Fargo lowered its price target to $66 from $93 but kept an Overweight rating; Citigroup cut its target to $75 from $82 while retaining Buy. Both targets remain above the cited share price. Wells Fargo rating Citigroup rating
  • Positive Sentiment: Kodiak raised its quarterly dividend to $0.51 from $0.49, a potential positive for income-focused investors. Company news and filings
  • Negative Sentiment: COO William Lenamon sold 1,000 shares for $44,200, a 1.19% reduction in his holdings. The sale was modest relative to his remaining position. Lenamon SEC filing

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently made changes to their positions in KGS. Steward Partners Investment Advisory LLC boosted its stake in Kodiak Gas Services by 2.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 92,233 shares of the company's stock worth $4,886,000 after purchasing an additional 1,785 shares during the period. AlphaGrep UK Ltd purchased a new position in Kodiak Gas Services during the 3rd quarter worth approximately $333,000. First Trust Advisors LP grew its position in Kodiak Gas Services by 3.5% during the 3rd quarter. First Trust Advisors LP now owns 258,719 shares of the company's stock worth $13,704,000 after purchasing an additional 8,667 shares in the last quarter. Voya Investment Management LLC grew its position in Kodiak Gas Services by 1.3% during the 3rd quarter. Voya Investment Management LLC now owns 22,267 shares of the company's stock worth $1,179,000 after purchasing an additional 289 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Kodiak Gas Services by 2.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 586,940 shares of the company's stock valued at $30,509,000 after purchasing an additional 12,993 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KGS shares. Royal Bank Of Canada reduced their price objective on Kodiak Gas Services from $82.00 to $78.00 and set an "outperform" rating for the company in a research note on Tuesday, November 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Citigroup cut their target price on Kodiak Gas Services from $82.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday. Zacks Research downgraded Kodiak Gas Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 27th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $70.00 price target on shares of Kodiak Gas Services in a research report on Tuesday, November 10th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and an average target price of $73.67.

View Our Latest Analysis on KGS

Kodiak Gas Services Company Profile

(Get Free Report)

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.

Further Reading

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