Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Sells 5,999 Shares of Stock

Key Points

• CEO Robert Michael Mckee sold 5,999 Kodiak Gas Services shares at an average price of $59.31, generating $355,800.69. He retained 292,590 shares, and the transaction reduced his direct ownership by 2.01%.
• Kodiak shares rose 3.6% to $61.72, while the company reported quarterly revenue of $391.12 million—above estimates—but earnings per share of $0.55 missed the $0.67 consensus forecast.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $78.89. The company also pays a quarterly dividend of $0.49, equivalent to a 3.2% annual yield.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert Michael Mckee sold 5,999 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $59.31, for a total transaction of $355,800.69. Following the sale, the chief executive officer directly owned 292,590 shares in the company, valued at approximately $17,353,512.90. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Robert Michael Mckee also recently made the following trade(s):

• On Wednesday, August 19th, Robert Michael Mckee sold 6,008 shares of Kodiak Gas Services stock. The shares were sold at an average price of $62.39, for a total value of $374,839.12.

Kodiak Gas Services Stock Up 3.6%

Kodiak Gas Services stock traded up $2.17 during mid-day trading on Wednesday, hitting $61.72. The company's stock had a trading volume of 1,681,310 shares, compared to its average volume of 1,682,197. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The company has a market cap of $6.24 billion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 0.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The firm's 50 day moving average is $63.80 and its 200 day moving average is $63.15.

Kodiak Gas Services (NYSE:KGS - Get Free Report) 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). The company had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. On average, analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services's payout ratio is presently 233.33%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. Citigroup increased their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Wells Fargo & Company began coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an "overweight" rating and a $93.00 price target for the company. Stifel Nicolaus boosted their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.89.

Institutional Trading of Kodiak Gas Services

Several institutional investors have recently modified their holdings of the company. Amundi raised its stake in shares of Kodiak Gas Services by 62.7% in the second quarter. Amundi now owns 15,854 shares of the company's stock valued at $1,191,000 after purchasing an additional 6,109 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kodiak Gas Services in the 2nd quarter valued at $4,019,000. California State Teachers Retirement System lifted its holdings in shares of Kodiak Gas Services by 8,307.7% during the 2nd quarter. California State Teachers Retirement System now owns 8,441,006 shares of the company's stock worth $634,173,000 after acquiring an additional 8,340,610 shares during the period. Greenland Capital Management LP bought a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $751,000. Finally, Compass Financial Management LLC bought a new stake in Kodiak Gas Services in the second quarter valued at about $260,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Company Profile

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.

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