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 stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $44.20, for a total value of $44,200.00. Following the sale, the chief operating officer owned 83,294 shares in the company, valued at approximately $3,681,594.80. This trade represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, October 12th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The stock was sold at an average price of $53.25, for a total value of $53,250.00.
• On Friday, September 11th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The stock was sold at an average price of $63.21, for a total value of $63,210.00.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS traded up $0.50 on Thursday, hitting $44.36. The company had a trading volume of 2,940,982 shares, compared to its average volume of 1,768,813. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The business has a 50 day moving average of $51.95 and a 200 day moving average of $59.14. The company has a market cap of $4.50 billion, a PE ratio of 25.94, a PEG ratio of 0.69 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $401.79 million for the quarter, compared to analyst estimates of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a $0.51 dividend. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, November 16th. This represents a $2.04 dividend on an annualized basis and a yield of 4.6%. Kodiak Gas Services’s payout ratio is currently 114.62%.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in Kodiak Gas Services in the 2nd quarter worth about $29,000. Core Capital Management & Research inc. purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at about $64,000. Harbor Investment Advisory LLC purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at about $76,000. Allworth Financial LP acquired a new position in shares of Kodiak Gas Services during the 2nd quarter valued at about $80,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Kodiak Gas Services by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock valued at $90,000 after acquiring an additional 352 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KGS has been the topic of several analyst reports. Piper Sandler began coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Raymond James Financial reissued an “outperform” rating and issued a $70.00 price objective on shares of Kodiak Gas Services in a research report on Tuesday. Citigroup reduced their price objective on shares of Kodiak Gas Services from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, UBS Group reissued a “buy” rating on shares of Kodiak Gas Services in a research note on Friday, October 16th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $75.92.

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.