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

Key Points

• COO William Chad Lenamon sold 1,000 Kodiak Gas Services shares at an average price of $63.21, for $63,210. He retained 85,294 shares following the transaction.
• Kodiak Gas Services reported quarterly revenue of $391.12 million, up 21.2% year over year, but earnings of $0.55 per share missed analysts’ $0.67 estimate.
• The stock traded near $63.83, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $78.89. The company also pays a quarterly dividend of $0.49 per share, yielding about 3.1%.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) COO William Lenamon sold 1,000 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $63.21, for a total value of $63,210.00. Following the transaction, the chief operating officer directly owned 85,294 shares of the company's stock, valued at $5,391,433.74. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $67.79, for a total transaction of $67,790.00.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock traded up $1.33 during mid-day trading on Friday, reaching $63.83. The company had a trading volume of 1,228,848 shares, compared to its average volume of 1,674,727. The company has a 50 day moving average of $62.39 and a 200-day moving average of $63.76. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 75.99, a PEG ratio of 0.93 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.45 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.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $386.30 million. During the same period last year, the business earned $0.43 earnings per share. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

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

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Kodiak Gas Services in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in Kodiak Gas Services by 1,501.3% in the second 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 raised its holdings in Kodiak Gas Services by 201.7% during 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 last quarter. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company's stock worth $54,000 after purchasing an additional 646 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $64,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a "buy" rating in a report on Friday, May 15th. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an "overweight" rating and a $93.00 target price for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Royal Bank Of Canada raised their price target on Kodiak Gas Services from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reduced their price objective on Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.89.

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.

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