Kodiak Gas Services (NYSE:KGS) CEO Sells $374,839.12 in Stock

Kodiak Gas Services, Inc. (NYSE:KGSGet Free Report) CEO Robert Michael Mckee sold 6,008 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12. Following the transaction, the chief executive officer directly owned 298,589 shares in the company, valued at $18,628,967.71. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $61.28 on Friday. The company has a 50-day simple moving average of $65.19 and a 200-day simple moving average of $62.44. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68. 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 stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 72.95, a PEG ratio of 0.89 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGSGet Free Report) last announced its earnings results 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). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same quarter last year, the company posted $0.43 EPS. Kodiak Gas Services’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts predict that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 17th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KGS shares. Piper Sandler initiated coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. Royal Bank Of Canada upped their price target on Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Get Our Latest Analysis on Kodiak Gas Services

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Kodiak Gas Services in the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its position in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. State of Wyoming raised its stake in shares of Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 815 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after buying an additional 646 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at approximately $76,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

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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Insider Buying and Selling by Quarter for Kodiak Gas Services (NYSE:KGS)

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