Kodiak Gas Services (NYSE:KGS) COO William Chad Lenamon Sells 1,000 Shares of Company Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $53.25, for a total value of $53,250.00. Following the sale, the chief operating officer owned 84,294 shares in the company, valued at approximately $4,488,655.50. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

William Chad Lenamon also recently made the following trade(s):

• On Friday, September 11th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $63.21, for a total value of $63,210.00.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $52.01 on Wednesday. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68. The company has a market cap of $5.27 billion, a PE ratio of 61.91 and a beta of 1.01. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The business has a 50-day simple moving average of $58.33 and a 200-day simple moving average of $63.63.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services’s payout ratio is 233.33%.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in Kodiak Gas Services during the 2nd quarter worth approximately $29,000. Core Capital Management & Research inc. acquired a new position in Kodiak Gas Services during the second quarter worth approximately $64,000. Harbor Investment Advisory LLC acquired a new position in Kodiak Gas Services during the second quarter worth approximately $76,000. Allworth Financial LP acquired a new position in Kodiak Gas Services during the second quarter worth approximately $80,000. Finally, Hilltop National Bank purchased a new stake in Kodiak Gas Services in the second quarter valued at approximately $102,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KGS. Jefferies Financial Group dropped their price objective on shares of Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Finally, Citigroup lowered their target price on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research note on Friday. Eleven 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.30.

About Kodiak Gas Services

Kodiak Gas Services, Inc (NYSE:KGS) provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.