Kodiak Gas Services (NYSE:KGS) COO Sells $67,790.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at $6,163,331.22. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kodiak Gas Services Price Performance

Shares of KGS traded up $0.78 during midday trading on Thursday, hitting $67.27. 1,255,791 shares of the company traded hands, compared to its average volume of 1,598,843. The firm has a 50 day moving average of $66.94 and a 200-day moving average of $52.26. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 90.91, a PEG ratio of 0.94 and a beta of 0.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, analysts forecast that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is currently 264.86%.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Kodiak Gas Services by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after purchasing an additional 209 shares in the last quarter. United Advisor Group LLC boosted its stake in shares of Kodiak Gas Services by 2.0% during the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock valued at $592,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kodiak Gas Services by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock valued at $90,000 after purchasing an additional 352 shares in the last quarter. Comerica Bank boosted its stake in shares of Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock valued at $767,000 after purchasing an additional 357 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KGS has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Citigroup upped their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $75.22.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.