Kodiak Gas Services (NYSE:KGS) Director Purchases 1,145 Shares of Stock

Key Points

• Director Gretchen Lynn Holloway bought 1,145 shares at an average $43.63, spending about $49,956 and increasing her holdings by 5.32% to 22,686 shares.
• Kodiak beat quarterly estimates, reporting EPS of $0.70 versus $0.62 expected and revenue of $401.79 million, up 24.5% year over year.
• The company raised its quarterly dividend from $0.49 to $0.51 per share. Analysts’ consensus rating remains “Moderate Buy,” though several firms recently cut their price targets.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) Director Gretchen Lynn Holloway acquired 1,145 shares of the business's stock in a transaction dated Thursday, November 12th. The stock was purchased at an average price of $43.63 per share, for a total transaction of $49,956.35. Following the completion of the acquisition, the director owned 22,686 shares in the company, valued at approximately $989,790.18. This trade represents a 5.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kodiak Gas Services Trading Up 0.5%

Shares of NYSE KGS traded up $0.23 during midday trading on Friday, hitting $44.63. The stock had a trading volume of 2,155,222 shares, compared to its average volume of 1,770,319. 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, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 0.72 and a beta of 1.07. The company has a fifty day moving average price of $51.61 and a 200 day moving average price of $59.16.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. Kodiak Gas Services had a net margin of 11.28% and a return on equity of 12.62%. The firm had revenue of $401.79 million during the quarter, compared to the consensus estimate of $387.50 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company's revenue was up 24.5% on a year-over-year basis. On average, analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

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

Kodiak Gas Services News Summary

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

• Positive Sentiment: Kodiak raised its quarterly dividend to $0.51 per share from $0.49, a 4% increase. The company also recently beat quarterly earnings and revenue estimates, with revenue up 24.5% year over year. Company and earnings information
• Neutral Sentiment: Wells Fargo cut its price target to $66 from $93 but kept an Overweight rating; Citigroup lowered its target to $75 from $82 and retained Buy. RBC, Stifel and Mizuho also trimmed targets while maintaining positive ratings. The cuts may temper sentiment, although the targets remain above the recently cited share price. Wells Fargo analyst rating Citigroup analyst rating
• Negative Sentiment: COO William Lenamon sold 1,000 shares for about $44,200, reducing his direct holdings by 1.19%. The sale is small relative to his remaining stake but could weigh slightly on sentiment. SEC filing

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research cut shares of Kodiak Gas Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 27th. UBS Group reissued a "buy" rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Royal Bank Of Canada reduced their price objective on Kodiak Gas Services from $82.00 to $78.00 and set an "outperform" rating on the stock in a research note on Tuesday. Citigroup decreased their target price on Kodiak Gas Services from $82.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Kodiak Gas Services from $79.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC grew its holdings 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 acquiring an additional 289 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of Kodiak Gas Services by 2.0% during the third quarter. Hanseatic Management Services Inc. now owns 15,633 shares of the company's stock worth $828,000 after purchasing an additional 310 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Kodiak Gas Services by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company's stock worth $90,000 after purchasing an additional 352 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services in the second quarter worth about $29,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Kodiak Gas Services by 1.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,700 shares of the company's stock worth $1,202,000 after purchasing an additional 400 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

About Kodiak Gas Services

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.

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