10,154 Shares in Kodiak Gas Services, Inc. $KGS Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC made a new investment of $379,000 in Kodiak Gas Services, purchasing 10,154 shares during the first quarter.
• Kodiak Gas Services has recently announced a $50 million share buyback plan and declared a quarterly dividend of $0.45, indicating a dividend yield of 4.9%.
• The company's stock has seen an increase in analyst target prices, with Barclays and Royal Bank of Canada adjusting their ratings to reflect a more positive outlook.

EntryPoint Capital LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,154 shares of the company's stock, valued at approximately $379,000.

A number of other institutional investors have also recently bought and sold shares of KGS. Wells Fargo & Company MN lifted its position in shares of Kodiak Gas Services by 102.3% in the fourth quarter. Wells Fargo & Company MN now owns 19,035 shares of the company's stock worth $777,000 after purchasing an additional 9,624 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Kodiak Gas Services by 7.2% in the fourth quarter. Legal & General Group Plc now owns 30,251 shares of the company's stock worth $1,235,000 after purchasing an additional 2,034 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Kodiak Gas Services in the fourth quarter worth $276,000. Sterling Capital Management LLC lifted its position in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after purchasing an additional 701 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in shares of Kodiak Gas Services by 72.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock worth $139,000 after purchasing an additional 1,431 shares in the last quarter. Institutional investors own 24.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGS. JPMorgan Chase & Co. reissued a "buy" rating and issued a $43.00 price objective (up previously from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Mizuho decreased their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Barclays increased their price objective on Kodiak Gas Services from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus price target of $41.10.

Kodiak Gas Services Stock Down 3.7%

KGS traded down $1.3110 during trading on Monday, reaching $34.4890. 649,478 shares of the stock were exchanged, compared to its average volume of 1,223,760. The stock has a market cap of $3.03 billion, a P/E ratio of 38.11 and a beta of 1.33. Kodiak Gas Services, Inc. has a twelve month low of $25.21 and a twelve month high of $50.43. The stock's 50 day moving average price is $33.27 and its two-hundred day moving average price is $35.64. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 1.10.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The business had revenue of $322.84 million for the quarter, compared to the consensus estimate of $335.10 million. Kodiak Gas Services had a net margin of 6.48% and a return on equity of 10.35%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, August 4th. Kodiak Gas Services's payout ratio is currently 200.00%.

Kodiak Gas Services announced that its board has initiated a share repurchase program on Monday, August 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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.