Entropy Technologies LP Buys New Position in Kodiak Gas Services, Inc. $KGS

Entropy Technologies LP purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,196 shares of the company’s stock, valued at approximately $536,000.

Several other large investors also recently bought and sold shares of KGS. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Kodiak Gas Services during the first quarter valued at approximately $8,923,000. Renaissance Technologies LLC boosted its stake in shares of Kodiak Gas Services by 45.9% in the first quarter. Renaissance Technologies LLC now owns 838,622 shares of the company’s stock valued at $48,908,000 after purchasing an additional 263,700 shares during the period. Compound Planning Inc. acquired a new stake in Kodiak Gas Services during the 1st quarter valued at $596,000. Keebeck Wealth Management acquired a new stake in Kodiak Gas Services during the 1st quarter valued at $201,000. Finally, Caxton Associates LLP purchased a new stake in Kodiak Gas Services during the 1st quarter worth $1,051,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KGS shares. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. The Goldman Sachs Group raised their target price 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. Piper Sandler started coverage on Kodiak Gas Services in a research report on Tuesday. They set an “overweight” rating and a $78.00 target price on the stock. Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus increased their price target on Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Insider Buying and Selling at Kodiak Gas Services

In other news, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the transaction, the chief operating officer directly owned 87,294 shares of the company’s stock, valued at $5,917,660.26. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 13,523 shares of company stock valued at $921,319. Corporate insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Performance

KGS stock opened at $55.18 on Thursday. The stock’s 50 day simple moving average is $67.94 and its 200 day simple moving average is $59.99. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The firm has a market cap of $4.90 billion, a P/E ratio of 74.56, a P/E/G ratio of 0.88 and a beta of 0.89. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, equities research analysts predict that Kodiak Gas Services, Inc. will post 2.27 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

Kodiak Gas Services 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.