Kodiak Gas Services (NYSE:KGS) EVP Cory Anne Roclawski Sells 4,169 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 4,169 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the completion of the transaction, the executive vice president owned 24,662 shares in the company, valued at approximately $1,685,894.32. This represents a 14.46% 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 Up 2.9%

KGS stock opened at $70.00 on Thursday. The company has a 50 day moving average of $70.38 and a two-hundred day moving average of $57.10. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 94.59, a PEG ratio of 0.95 and a beta of 0.89. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.Kodiak Gas Services’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.36 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. Kodiak Gas Services’s dividend payout ratio (DPR) is 264.86%.

Institutional Trading of Kodiak Gas Services

Several large investors have recently made changes to their positions in KGS. Van ECK Associates Corp increased its holdings in shares of Kodiak Gas Services by 0.9% during the 4th quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after acquiring an additional 209 shares during the last quarter. United Advisor Group LLC lifted its holdings in Kodiak Gas Services by 2.0% in the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after purchasing an additional 304 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Kodiak Gas Services by 29.5% in the 1st 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 during the last quarter. Comerica Bank boosted its position in Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after purchasing an additional 357 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Kodiak Gas Services by 52.1% during 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 during the period. Institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KGS. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective on the stock. Royal Bank Of Canada lifted their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $84.00 target price on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Finally, 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.75.

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.