Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Kodiak Gas Services Stock Down 1.9%
Kodiak Gas Services stock opened at $67.91 on Wednesday. The firm has a market cap of $6.03 billion, a PE ratio of 91.77, a P/E/G ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The firm’s 50 day moving average price is $67.76 and its two-hundred day moving average price is $53.22. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $77.68.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the prior year, the business posted $0.33 EPS. Kodiak Gas Services’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.
Kodiak Gas Services Announces Dividend
Analyst Ratings Changes
Several brokerages have recently commented on KGS. Citigroup increased their price target 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. Barclays increased their price target on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target on the stock. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.22.
Read Our Latest Research Report on Kodiak Gas Services
Institutional Trading of Kodiak Gas Services
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares in the last quarter. State of Wyoming raised its holdings in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares in the last quarter. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.
About Kodiak Gas Services
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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