Key Points
- CEO Robert McKee sold 2,666 shares for about $121,436 at $45.55 per share, reducing his stake by 0.92%; he retained 287,258 shares.
- Quarterly EPS of $0.55 missed analysts’ $0.67 estimate, while revenue of $391.1 million topped forecasts and rose 21.2% year over year. Kodiak also raised its quarterly dividend to $0.51 from $0.49.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $79.18.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert McKee sold 2,666 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $45.55, for a total value of $121,436.30. Following the completion of the transaction, the chief executive officer directly owned 287,258 shares in the company, valued at approximately $13,084,601.90. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Robert Michael Mckee also recently made the following trade(s):
- On Monday, October 5th, Robert McKee sold 2,666 shares of Kodiak Gas Services stock. The stock was sold at an average price of $53.95, for a total value of $143,830.70.
- On Tuesday, September 1st, Robert McKee sold 5,999 shares of Kodiak Gas Services stock. The stock was 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 value of $374,839.12.
Kodiak Gas Services Price Performance
Shares of KGS stock opened at $41.21 on Thursday. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 49.06 and a beta of 1.07. The stock has a fifty day simple moving average of $53.66 and a two-hundred day simple moving average of $59.07. 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 (NYSE:KGS - Get Free Report) last posted its quarterly 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). The firm had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. Kodiak Gas Services's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, analysts predict that Kodiak Gas Services, Inc. will post 2.43 EPS for the current fiscal year.
Kodiak Gas Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 16th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 5.0%. Kodiak Gas Services's dividend payout ratio is presently 233.33%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in KGS. Keybank National Association OH purchased a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $488,000. Fulcrum Asset Management LLP boosted its position in Kodiak Gas Services by 1,187.7% during the third quarter. Fulcrum Asset Management LLP now owns 104,663 shares of the company's stock valued at $5,416,000 after purchasing an additional 96,535 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Kodiak Gas Services by 55.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 72,861 shares of the company's stock valued at $3,902,000 after purchasing an additional 26,036 shares in the last quarter. Ethic Inc. grew its stake in Kodiak Gas Services by 162.8% in the third quarter. Ethic Inc. now owns 7,893 shares of the company's stock valued at $418,000 after purchasing an additional 4,890 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in Kodiak Gas Services by 77.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 76,295 shares of the company's stock valued at $4,041,000 after purchasing an additional 33,335 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on KGS shares. Bank of America dropped their target price on shares of Kodiak Gas Services from $83.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, October 27th. JPMorgan Chase & Co. reduced their price target on shares of Kodiak Gas Services from $79.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group dropped their price objective on shares of Kodiak Gas Services from $69.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.18.
Get Our Latest Report on KGS
Kodiak Gas Services Company Profile
(
Get Free Report)
Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.
Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.
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