Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) insider Pedro Buhigas sold 3,663 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was 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 of the company’s stock, valued at $1,884,491.82. The trade was a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Kodiak Gas Services Stock Down 0.1%
Shares of Kodiak Gas Services stock traded down $0.03 during trading on Thursday, reaching $58.38. The company had a trading volume of 1,970,828 shares, compared to its average volume of 1,691,075. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 69.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.96. The firm’s fifty day moving average is $61.68 and its 200-day moving average is $63.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million during 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 firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.
Kodiak Gas Services Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Stifel Nicolaus boosted their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler started coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $78.89.
Check Out Our Latest Research Report on Kodiak Gas Services
Hedge Funds Weigh In On Kodiak Gas Services
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Kodiak Gas Services during the second quarter worth about $1,142,139,000. Bank of America Corp DE acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter worth about $109,850,000. Kayne Anderson Capital Advisors LP bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $84,821,000. Wellington Management Group LLP lifted its position in Kodiak Gas Services by 85.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock valued at $182,729,000 after purchasing an additional 1,117,743 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $73,623,000. 24.95% of the stock is owned by institutional investors.
About Kodiak Gas Services
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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