Kodiak Gas Services (NYSE:KGS) CAO Sells $325,675.46 in Stock
by Amy Steele · The Cerbat GemKodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the sale, the chief accounting officer owned 34,346 shares in the company, valued at approximately $1,929,558.28. This represents a 14.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Ewan William Hamilton also recently made the following trade(s):
- On Monday, March 16th, Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock. The stock was sold at an average price of $55.25, for a total transaction of $115,527.75.
- On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The stock was sold at an average price of $54.75, for a total transaction of $264,442.50.
Kodiak Gas Services Price Performance
Shares of NYSE:KGS traded down $0.48 during trading on Wednesday, reaching $55.56. 893,850 shares of the company’s stock traded hands, compared to its average volume of 1,581,012. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The firm has a market cap of $4.77 billion, a PE ratio of 63.86 and a beta of 1.11. The company has a 50-day simple moving average of $47.21 and a 200-day simple moving average of $39.49.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.
Kodiak Gas Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.
Institutional Investors Weigh In On Kodiak Gas Services
Hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after buying an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. boosted its position in Kodiak Gas Services by 33.8% during the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after acquiring an additional 1,559,172 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock valued at $55,040,000 after acquiring an additional 1,424,888 shares in the last quarter. Zimmer Partners LP raised its holdings in Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after acquiring an additional 1,339,849 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $39,741,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on KGS. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup boosted their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.86.
View Our Latest Analysis on KGS
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.