Kodiak Gas Services (NYSE:KGS) Director Alexander Newsom Darden Purchases 10,000 Shares of Company Stock

Kodiak Gas Services, Inc. (NYSE:KGS) Director Alexander Darden acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director owned 17,135 shares of the company’s stock, valued at $770,903.65. This trade represents a 140.15% increase in their ownership of the stock. The transaction 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 Kodiak Gas Services stock traded up $0.23 during trading hours 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 business has a fifty day moving average of $51.26 and a 200 day moving average of $59.18. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.52 billion, a PE ratio of 26.10, a P/E/G ratio of 0.72 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, November 9th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $401.79 million for the quarter, compared to analyst estimates of $387.50 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business’s quarterly revenue was up 24.5% on a year-over-year basis. As a group, equities analysts forecast that Kodiak Gas Services, Inc. will post 2.47 EPS for the current 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%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, November 16th. Kodiak Gas Services’s dividend payout ratio is 114.62%.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently modified their holdings of KGS. Voya Investment Management LLC grew its stake 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 buying an additional 289 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in Kodiak Gas Services by 2.0% in the third quarter. Hanseatic Management Services Inc. now owns 15,633 shares of the company’s stock valued at $828,000 after buying an additional 310 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 valued at $90,000 after buying an additional 352 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services during the second quarter valued at $29,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Kodiak Gas Services by 1.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 22,700 shares of the company’s stock valued at $1,202,000 after acquiring an additional 400 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KGS shares. Jefferies Financial Group decreased their target price on Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. Bank of America dropped their target price on Kodiak Gas Services from $83.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Citigroup dropped their target price on Kodiak Gas Services from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their price target on Kodiak Gas Services from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, November 10th. Finally, Raymond James Financial restated an “outperform” rating and issued a $70.00 price target on shares of Kodiak Gas Services in a report on Tuesday, November 10th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.67.

Key Headlines Impacting Kodiak Gas Services

These are some of the KGS headlines that stood out recently:

• 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: Kodiak raised its quarterly dividend to $0.51 from $0.49, a potential positive for income-focused investors. Company news and filings
• 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

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.