Cory Anne Roclawski Sells 21,161 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $56.52, for a total transaction of $1,196,019.72. Following the completion of the transaction, the executive vice president owned 42,257 shares of the company’s stock, valued at $2,388,365.64. This trade represents a 33.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kodiak Gas Services Stock Up 1.8%

Shares of KGS traded up $0.98 during mid-day trading on Monday, reaching $55.18. The company’s stock had a trading volume of 956,410 shares, compared to its average volume of 1,597,321. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $58.50. The company’s 50 day moving average is $46.43 and its 200 day moving average is $39.21. The stock has a market cap of $4.74 billion, a PE ratio of 63.42 and a beta of 1.10.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.6%. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Kodiak Gas Services by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock worth $884,000 after purchasing an additional 209 shares during the period. United Advisor Group LLC increased its position in shares of Kodiak Gas Services by 2.0% during the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after acquiring an additional 304 shares in the last quarter. Comerica Bank raised its stake in shares of Kodiak Gas Services by 1.8% in the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock valued at $767,000 after purchasing an additional 357 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after buying an additional 360 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KGS. William Blair assumed coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.86.

Kodiak Gas Services Company Profile

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.