Key Points
- CEO Robert McKee sold 2,666 Kodiak Gas Services shares at an average price of $53.95, generating approximately $143,831. He retained 289,924 shares, and has also sold shares in two earlier transactions.
- Kodiak shares opened at $55.78, with a market capitalization of roughly $5.66 billion and a 52-week range of $32.55 to $77.68. The company recently reported revenue growth of 21.2% year over year, although quarterly EPS missed analyst expectations.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $78.33. The company also pays a quarterly dividend of $0.49 per share, equivalent to a 3.5% yield.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert McKee sold 2,666 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $53.95, for a total value of $143,830.70. Following the sale, the chief executive officer directly owned 289,924 shares of the company's stock, valued at $15,641,399.80. The trade was a 0.91% decrease in their position. 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 Tuesday, September 1st, Robert McKee sold 5,999 shares of Kodiak Gas Services stock. The shares were sold at an average price of $59.31, for a total value of $355,800.69.
- On Wednesday, August 19th, Robert McKee sold 6,008 shares of Kodiak Gas Services stock. The shares were sold at an average price of $62.39, for a total transaction of $374,839.12.
Kodiak Gas Services Price Performance
Shares of Kodiak Gas Services stock opened at $55.78 on Wednesday. The firm has a fifty day simple moving average of $58.80 and a 200-day simple moving average of $63.80. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 66.41 and a beta of 1.01.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.
Kodiak Gas Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services's dividend payout ratio is 233.33%.
Institutional Investors Weigh In On Kodiak Gas Services
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Kodiak Gas Services during the second quarter valued at about $1,142,139,000. Dimensional Fund Advisors LP lifted its position in shares of Kodiak Gas Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock worth $181,108,000 after acquiring an additional 135,998 shares during the period. Wellington Management Group LLP lifted its position in shares of Kodiak Gas Services by 85.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company's stock worth $182,729,000 after acquiring an additional 1,117,743 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 27.0% during the 4th quarter. Geode Capital Management LLC now owns 1,931,154 shares of the company's stock worth $72,237,000 after purchasing an additional 411,017 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Kodiak Gas Services by 16.6% during the 1st quarter. Bank of America Corp DE now owns 1,537,818 shares of the company's stock worth $89,686,000 after purchasing an additional 219,214 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on KGS. Barclays decreased their target price on Kodiak Gas Services from $72.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday. Jefferies Financial Group dropped their price target on Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Piper Sandler assumed coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They set an "overweight" rating and a $78.00 price target for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Finally, Stifel Nicolaus raised their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.33.
View Our Latest Stock Analysis on KGS
Kodiak Gas Services Company Profile
(
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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