Insider Selling: Kodiak Gas Services (NYSE:KGS) COO Sells 1,000 Shares of Company Stock

Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) COO William Lenamon sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $53.25, for a total transaction of $53,250.00. Following the sale, the chief operating officer owned 84,294 shares of the company’s stock, valued at $4,488,655.50. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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• 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 transaction of $63,210.00.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded down $0.48 on Tuesday, reaching $52.01. 2,801,669 shares of the company traded hands, compared to its average volume of 1,711,014. Kodiak Gas Services, Inc. has a 52 week low of $32.55 and a 52 week high of $77.68. The company has a 50 day moving average of $58.48 and a 200 day moving average of $63.68. The firm has a market capitalization of $5.27 billion, a PE ratio of 61.91 and a beta of 1.01. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Equities analysts forecast that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm 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 of this dividend was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a yield of 3.8%. Kodiak Gas Services’s payout ratio is presently 233.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup reduced their price target on Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group cut their target price on Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Barclays decreased their price target on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, Mizuho set a $72.00 price target on Kodiak Gas Services in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.30.

Get Our Latest Stock Analysis on KGS

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KGS. BlackRock Inc. purchased a new stake in shares of Kodiak Gas Services in the second quarter worth $1,142,139,000. Bank of America Corp DE bought a new stake in Kodiak Gas Services during the second quarter valued at $109,850,000. Kayne Anderson Capital Advisors LP purchased a new position in Kodiak Gas Services during the second quarter worth about $84,821,000. Wellington Management Group LLP grew its position in Kodiak Gas Services by 85.0% during the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock worth $182,729,000 after buying an additional 1,117,743 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Kodiak Gas Services during the second quarter worth about $73,623,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Company Profile

(Get Free Report)

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.

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