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

Key Points

• COO William Chad Lenamon sold 1,000 shares at $44.20, totaling $44,200; he retained 83,294 shares after the sale.
• Kodiak reported quarterly EPS of $0.70, beating the $0.62 estimate, while revenue rose 24.5% year over year to $401.79 million.
• The company raised its quarterly dividend from $0.49 to $0.51 per share, an annualized $2.04 and a 4.6% yield.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) COO William Lenamon sold 1,000 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00. Following the completion of the sale, the chief operating officer owned 83,294 shares of the company's stock, valued at $3,681,594.80. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $53.25, for a total transaction 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 transaction of $63,210.00.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded up $0.50 on Thursday, reaching $44.36. 2,940,982 shares of the stock were exchanged, compared to its average volume of 1,768,813. The firm has a market capitalization 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, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The business has a fifty day moving average price of $51.95 and a two-hundred day moving average price of $59.14. 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 (NYSE:KGS - Get Free Report) last announced 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. Kodiak Gas Services had a net margin of 11.28% and a return on equity of 12.62%. The firm had revenue of $401.79 million during the quarter, compared to the consensus estimate of $387.50 million. During the same quarter last year, the firm earned $0.36 earnings per share. The firm's revenue was up 24.5% compared to the same quarter last year. As a group, research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, November 16th. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.49. Kodiak Gas Services's payout ratio is presently 114.62%.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at about $29,000. Core Capital Management & Research inc. acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $64,000. Harbor Investment Advisory LLC purchased a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $76,000. Allworth Financial LP purchased a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $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 worth $90,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James Financial reissued an "outperform" rating and issued a $70.00 price target on shares of Kodiak Gas Services in a report on Tuesday. Piper Sandler started coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an "overweight" rating and a $78.00 price target on the stock. Jefferies Financial Group dropped their price objective on Kodiak Gas Services from $53.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Finally, Mizuho cut their price objective on Kodiak Gas Services from $72.00 to $68.00 and set an "outperform" rating for the company in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average price target of $75.92.

Kodiak Gas Services Company Profile

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.

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