Key Points
- COO William Chad Lenamon sold 1,000 shares for $44,200, reducing his direct holdings by 1.19% to 83,294 shares.
- Kodiak beat quarterly earnings and revenue estimates: EPS was $0.70 versus $0.62 expected, while revenue rose 24.5% year over year to $401.79 million. The company also raised its quarterly dividend to $0.51 per share from $0.49.
- Analysts’ consensus rating is Moderate Buy, with a $75.92 average price target; KGS was cited as opening at $44.36.
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 Wednesday, November 11th. The shares were sold at an average price of $44.20, for a total value of $44,200.00. Following the completion of the sale, the chief operating officer directly owned 83,294 shares of the company's stock, valued at approximately $3,681,594.80. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
William Chad Lenamon also recently made the following trade(s):
- On Monday, October 12th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $53.25, for a total value of $53,250.00.
- 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 Price Performance
KGS opened at $44.36 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.31 and a quick ratio of 1.15. The stock's 50 day simple moving average is $51.61 and its 200 day simple moving average is $59.16. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.72 and a beta of 1.07. 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 announced its quarterly earnings data on Monday, November 9th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The firm had revenue of $401.79 million during the quarter, compared to the consensus estimate of $387.50 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business's revenue was up 24.5% on a year-over-year basis. As a group, analysts predict that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.
Kodiak Gas Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a $0.51 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, November 16th. Kodiak Gas Services's dividend payout ratio (DPR) is 114.62%.
Latest Kodiak Gas Services News
Here's some of the latest news about KGS:
- Neutral Sentiment: Citigroup lowered its price target to $75 from $82 but maintained a Buy rating, leaving a substantially higher target than the cited $44.36 share price. The cut tempers the positive rating. Citigroup ratings
- Negative Sentiment: COO William Lenamon sold 1,000 shares for about $44,200, reducing his direct ownership by 1.19%. The small transaction may weigh modestly on sentiment. SEC filing
- Negative Sentiment: A recent article raised the question of whether KGS is overvalued, which could add to valuation concerns despite its reference to raised guidance. Valuation analysis
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $29,000. Core Capital Management & Research inc. bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $64,000. Harbor Investment Advisory LLC bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $76,000. Allworth Financial LP bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $80,000. Finally, PNC Financial Services Group Inc. increased 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 buying an additional 352 shares during the period. Institutional investors own 24.95% of the company's stock.
Analysts Set New Price Targets
KGS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Kodiak Gas Services from $82.00 to $78.00 and set an "outperform" rating for the company in a report on Tuesday. Stifel Nicolaus dropped their price target on shares of Kodiak Gas Services from $92.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday. Zacks Research lowered shares of Kodiak Gas Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 27th. Piper Sandler began coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They issued an "overweight" rating and a $78.00 price target on the stock. Finally, Mizuho decreased their price objective on shares of Kodiak Gas Services from $72.00 to $68.00 and set an "outperform" rating on the stock in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.92.
Get Our Latest Research Report on Kodiak Gas Services
Kodiak Gas Services Company Profile
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Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.
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