Kodiak Gas Services (NYSE:KGS) COO Sells $63,210.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $63.21, for a total transaction of $63,210.00. Following the completion of the transaction, the chief operating officer owned 85,294 shares in the company, valued at $5,391,433.74. This represents a 1.16% decrease in their ownership of the stock. 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 Monday, July 13th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00.

Kodiak Gas Services Trading Up 2.1%

KGS traded up $1.33 during trading on Friday, reaching $63.83. 1,228,848 shares of the company’s stock were exchanged, compared to its average volume of 1,674,727. The company’s fifty day moving average price is $62.39 and its 200-day moving average price is $63.76. The firm has a market capitalization of $6.45 billion, a PE ratio of 75.99, a P/E/G ratio of 0.93 and a beta of 0.96. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly 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). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The company had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same period last year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently modified their holdings of KGS. Advisors Preferred LLC acquired a new position in shares of Kodiak Gas Services during the second quarter worth about $1,986,000. Crown Advisors Management Inc. acquired a new position in Kodiak Gas Services during the 2nd quarter worth approximately $4,508,000. HighTower Advisors LLC grew its stake in shares of Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after acquiring an additional 16,619 shares in the last quarter. Seven Grand Managers LLC grew its stake in shares of Kodiak Gas Services by 400.0% during the 4th quarter. Seven Grand Managers LLC now owns 500,000 shares of the company’s stock worth $18,700,000 after acquiring an additional 400,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after purchasing an additional 203,809 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler began coverage on shares of Kodiak Gas Services in a research report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Barclays reduced their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc (NYSE: KGS) provides natural gas compression services to producers, processors, gatherers and other midstream companies in the United States. Its compression equipment increases and maintains the pressure of natural gas as it moves from production sites through gathering systems, processing facilities and pipelines.

The company primarily operates under long-term contracts and offers compression-as-a-service solutions. Its services include the design, installation, operation, maintenance, repair and overhaul of natural gas compression equipment.