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

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction on Friday, September 11th. The stock was sold at an average price of $63.21, for a total value of $63,210.00. Following the completion of the sale, the chief operating officer directly owned 85,294 shares of the company’s stock, valued at $5,391,433.74. The trade was a 1.16% 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 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 value of $67,790.00.

Kodiak Gas Services Stock Up 2.1%

KGS stock opened at $63.83 on Friday. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68. The business’s 50-day moving average is $62.31 and its two-hundred day moving average is $63.76. 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 company has a market cap of $6.45 billion, a price-to-earnings ratio of 75.99, a P/E/G ratio of 0.91 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) 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 firm had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

Analyst Upgrades and Downgrades

KGS has been the subject of a number of research reports. Royal Bank Of Canada upped their target price 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. Stifel Nicolaus lifted their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Jefferies Financial Group reduced their price objective on Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Wells Fargo & Company initiated coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Core Capital Management & Research inc. purchased a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $64,000. Engineers Gate Manager LP bought a new position in shares of Kodiak Gas Services in the second quarter worth approximately $424,000. Squarepoint Ops LLC boosted its position in shares of Kodiak Gas Services by 5,472.9% in the second quarter. Squarepoint Ops LLC now owns 589,510 shares of the company’s stock worth $44,290,000 after purchasing an additional 600,482 shares during the period. Arizona State Retirement System increased its stake in shares of Kodiak Gas Services by 13.6% in the second quarter. Arizona State Retirement System now owns 26,724 shares of the company’s stock worth $2,008,000 after purchasing an additional 3,189 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Kodiak Gas Services in the second quarter worth $309,000. 24.95% of the stock is currently owned by 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.