Key Points
- CEO Robert Michael Mckee sold 5,999 Kodiak Gas Services shares for approximately $355,801 at an average price of $59.31, reducing his stake by 2.01% to 292,590 shares. He also sold 6,008 shares in August.
- Kodiak reported quarterly revenue of $391.1 million, up 21.2% year over year and above estimates, but earnings per share of $0.55 missed the $0.67 consensus.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $78.89; the company also offers a $0.49 quarterly dividend, yielding about 3.2%.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert Michael Mckee sold 5,999 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $59.31, for a total transaction of $355,800.69. Following the completion of the sale, the chief executive officer owned 292,590 shares in the company, valued at $17,353,512.90. This represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Price Performance
KGS stock opened at $61.72 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The business has a 50-day simple moving average of $63.62 and a two-hundred day simple moving average of $63.23. The company has a market capitalization of $6.24 billion, a P/E ratio of 73.48, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week 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 EPS 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 company had revenue of $391.12 million during the quarter, compared to analysts' expectations of $386.30 million. During the same period last year, the company earned $0.43 earnings per share. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts expect that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.
Kodiak Gas Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, August 17th. This represents a $1.96 annualized dividend and a yield of 3.2%. Kodiak Gas Services's dividend payout ratio is 233.33%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in KGS. Advisors Preferred LLC purchased a new stake in Kodiak Gas Services during the second quarter valued at about $1,986,000. Crown Advisors Management Inc. bought a new position in Kodiak Gas Services during the second quarter worth about $4,508,000. Charles Schwab Investment Management Inc. increased its stake in shares of Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company's stock worth $33,713,000 after purchasing an additional 203,809 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company's stock worth $2,158,000 after purchasing an additional 16,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock valued at $181,108,000 after purchasing an additional 135,998 shares during the period. Hedge funds and other institutional investors own 24.95% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Kodiak Gas Services from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an "overweight" rating and a $93.00 target price on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada upped their target price on Kodiak Gas Services from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.89.
Read Our Latest Stock Analysis on KGS
Kodiak Gas Services Company Profile
(
Get Free Report)
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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