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

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $63.21, for a total transaction of $63,210.00. Following the completion of the sale, the chief operating officer directly owned 85,294 shares in the company, valued at $5,391,433.74. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was sold at an average price of $67.79, for a total transaction of $67,790.00.

Kodiak Gas Services Stock Up 2.1%

Shares of NYSE:KGS opened at $63.83 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The business has a 50 day simple moving average of $62.31 and a two-hundred day simple moving average of $63.76. The firm has a market capitalization of $6.45 billion, a PE ratio of 75.99, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were paid a $0.49 dividend. 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 presently 233.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler started coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price for the company. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target on the stock. Royal Bank Of Canada lifted their price objective 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. Barclays lowered their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Stifel Nicolaus upped their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in Kodiak Gas Services during the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. State of Wyoming lifted its position in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares in the last quarter. Finally, Core Capital Management & Research inc. bought a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $64,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

About Kodiak Gas Services

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.