Insider Selling: Kodiak Gas Services (NYSE:KGS) COO Sells $63,210.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $63.21, for a total transaction of $63,210.00. Following the sale, the chief operating officer directly owned 85,294 shares in the company, valued at $5,391,433.74. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Trading Down 0.0%

NYSE KGS opened at $63.83 on Monday. 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 one year low of $32.55 and a one year high of $77.68. The company has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $63.85. The firm has a market capitalization of $6.45 billion, a PE ratio of 75.99, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share 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 business had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same quarter last year, the company earned $0.43 EPS. Kodiak Gas Services’s revenue was up 21.2% compared to the same quarter last year. On average, equities analysts forecast that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Kodiak Gas Services’s dividend payout ratio is 233.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Kodiak Gas Services during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares in the last quarter. State of Wyoming raised its stake in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 815 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the period. Finally, Core Capital Management & Research inc. acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at $64,000. 24.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price on the stock. Jefferies Financial Group cut their target price 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. Stifel Nicolaus boosted their price target 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. Finally, Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.89.

Kodiak Gas Services Company Profile

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.