Key Points
- COO William Chad Lenamon sold 1,000 Kodiak Gas Services shares at an average price of $53.25, generating $53,250 and reducing his holdings by 1.17% to 84,294 shares.
- Kodiak shares opened at $52.01, below their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.55, missing estimates, although revenue rose 21.2% year over year to $391.12 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $80.30, while the company pays a quarterly dividend of $0.49 per share, representing a 3.8% yield.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) COO William Lenamon sold 1,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $4,488,655.50. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 transaction of $63,210.00.
Kodiak Gas Services Stock Down 0.9%
Shares of NYSE:KGS opened at $52.01 on Wednesday. The stock has a market cap of $5.27 billion, a P/E ratio of 61.91 and a beta of 1.01. The firm has a fifty day moving average price of $58.33 and a 200 day moving average price of $63.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analysts' expectations of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The company's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.
Kodiak Gas Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.8%. Kodiak Gas Services's dividend payout ratio is 233.33%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Piper Sandler started coverage on Kodiak Gas Services in a research report on Tuesday, July 28th. They issued an "overweight" rating and a $78.00 price target on the stock. Citigroup reduced their price objective on Kodiak Gas Services from $86.00 to $82.00 and set a "buy" rating for the company in a research note on Friday. Royal Bank Of Canada increased their price objective on Kodiak Gas Services from $84.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered their target price on Kodiak Gas Services from $79.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, October 8th. 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.30.
Get Our Latest Report on KGS
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Kodiak Gas Services in the second quarter valued at about $29,000. Core Capital Management & Research inc. purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at approximately $64,000. Harbor Investment Advisory LLC acquired a new position in Kodiak Gas Services during the 2nd quarter worth approximately $76,000. Allworth Financial LP acquired a new position in Kodiak Gas Services during the 2nd quarter worth approximately $80,000. Finally, PNC Financial Services Group Inc. increased its position in 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 during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.
About Kodiak Gas Services
(
Get Free Report)
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.
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