Insider Selling: Kodiak Gas Services (NYSE:KGS) COO Sells $53,250.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00. Following the completion of the sale, the chief operating officer owned 84,294 shares in the company, valued at approximately $4,488,655.50. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Trading Down 4.7%

NYSE:KGS opened at $47.73 on Friday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 56.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. 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 of $57.99 and a 200-day moving average of $63.50.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data 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). The company had revenue of $391.12 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a yield of 4.1%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

Institutional Trading of Kodiak Gas Services

Several institutional investors have recently modified their holdings of KGS. Assenagon Asset Management S.A. acquired a new position in Kodiak Gas Services during the third quarter worth about $8,984,000. Copeland Capital Management LLC raised its position in Kodiak Gas Services by 39.2% in the third quarter. Copeland Capital Management LLC now owns 662,857 shares of the company’s stock worth $35,112,000 after acquiring an additional 186,822 shares in the last quarter. Chickasaw Capital Management LLC lifted its holdings in Kodiak Gas Services by 318.7% in the 3rd quarter. Chickasaw Capital Management LLC now owns 1,017,357 shares of the company’s stock valued at $53,889,000 after acquiring an additional 774,357 shares during the last quarter. Core Capital Management & Research inc. acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at about $64,000. Finally, Engineers Gate Manager LP acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at about $424,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of research analyst reports. Mizuho set a $72.00 price target on shares of Kodiak Gas Services in a research note on Monday. Stifel Nicolaus increased their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Citigroup lowered their price objective on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, Barclays dropped their target price on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.30.

Kodiak Gas Services Company Profile

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.