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

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the business’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 $4,488,655.50. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction of $63,210.00.

Kodiak Gas Services Stock Performance

KGS opened at $49.95 on Thursday. The company has a market cap of $5.06 billion, a P/E ratio of 59.46 and a beta of 1.01. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm’s 50-day moving average price is $58.17 and its 200-day moving average price is $63.57. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68.

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

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a yield of 3.9%. Kodiak Gas Services’s payout ratio is currently 233.33%.

Analyst Ratings Changes

KGS has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Mizuho set a $72.00 target price on Kodiak Gas Services in a research report on Monday. Finally, Jefferies Financial Group dropped their target price on 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. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services in the second quarter valued at approximately $29,000. Core Capital Management & Research inc. acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $64,000. Harbor Investment Advisory LLC acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $76,000. Allworth Financial LP acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $80,000. Finally, Hilltop National Bank purchased a new position in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $102,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.