Kodiak Gas Services (NYSE:KGS) Stock: Insider Alexander Newsom Darden Acquires 10,000 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) Director Alexander Darden purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were acquired at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the transaction, the director owned 17,135 shares in the company, valued at $770,903.65. The trade was a 140.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kodiak Gas Services Price Performance

KGS traded up $0.23 during trading on Friday, hitting $44.63. The company’s stock had a trading volume of 2,155,222 shares, compared to its average volume of 2,249,255. The firm’s 50 day moving average price is $51.26 and its two-hundred day moving average price is $59.18. 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 12 month low of $32.55 and a 12 month high of $77.68. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.72 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, November 9th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The company had revenue of $401.79 million for the quarter, compared to analysts’ expectations of $387.50 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. Sell-side analysts forecast that Kodiak Gas Services, Inc. will post 2.47 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, November 16th. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio is 114.62%.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its stake in shares of Kodiak Gas Services by 2.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 92,233 shares of the company’s stock valued at $4,886,000 after purchasing an additional 1,785 shares during the period. AlphaGrep UK Ltd acquired a new stake in shares of Kodiak Gas Services during the third quarter worth $333,000. First Trust Advisors LP grew its stake in shares of Kodiak Gas Services by 3.5% during the third quarter. First Trust Advisors LP now owns 258,719 shares of the company’s stock worth $13,704,000 after purchasing an additional 8,667 shares during the period. Voya Investment Management LLC increased its holdings in Kodiak Gas Services by 1.3% in the third quarter. Voya Investment Management LLC now owns 22,267 shares of the company’s stock valued at $1,179,000 after purchasing an additional 289 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Kodiak Gas Services by 2.3% in the third quarter. Public Sector Pension Investment Board now owns 586,940 shares of the company’s stock valued at $30,509,000 after purchasing an additional 12,993 shares during the last quarter. 24.95% of the stock is owned by institutional investors.

Top Kodiak Gas Services Stories

Here are a few of the latest stories about KGS:

• Positive Sentiment: Three directors bought shares: Alexander Darden acquired 10,000 shares for about $449,900, while Gretchen Lynn Holloway and Margaret Montana bought 1,145 and 1,000 shares, respectively. The purchases may signal confidence in Kodiak. Darden SEC filing Holloway SEC filing
• Positive Sentiment: Wells Fargo lowered its price target to $66 from $93 but kept an Overweight rating; Citigroup cut its target to $75 from $82 while retaining Buy. Both targets remain above the cited share price. Wells Fargo rating Citigroup rating
• Negative Sentiment: COO William Lenamon sold 1,000 shares for $44,200, a 1.19% reduction in his holdings. The sale was modest relative to his remaining position. Lenamon SEC filing

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KGS shares. Royal Bank Of Canada decreased their price target on shares of Kodiak Gas Services from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 10th. 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. Wells Fargo & Company reduced their price objective on Kodiak Gas Services from $93.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday. Barclays decreased their price objective on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, Mizuho dropped their target price on Kodiak Gas Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.