Kodiak Gas Services (NYSE:KGS) CEO Sells 2,666 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert McKee sold 2,666 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were 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 of the company’s stock, valued at $13,084,601.90. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 traded down $5.33 during mid-day trading on Wednesday, reaching $41.21. The stock had a trading volume of 3,833,293 shares, compared to its average volume of 1,732,648. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The company has a market cap of $4.18 billion, a P/E ratio of 49.06 and a beta of 1.07. The business has a 50-day simple moving average of $54.02 and a 200 day simple moving average of $59.04. 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) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (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 firm had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same period last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds have recently modified their holdings of the company. Fulcrum Asset Management LLP raised its position in shares of Kodiak Gas Services by 1,187.7% in the third quarter. Fulcrum Asset Management LLP now owns 104,663 shares of the company’s stock valued at $5,416,000 after buying an additional 96,535 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 26,036 shares during the period. Ethic Inc. lifted its stake in shares of Kodiak Gas Services by 162.8% during the third quarter. Ethic Inc. now owns 7,893 shares of the company’s stock valued at $418,000 after buying an additional 4,890 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in Kodiak Gas Services by 77.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 76,295 shares of the company’s stock worth $4,041,000 after acquiring an additional 33,335 shares during the last quarter. Finally, United Advisor Group LLC boosted its position in Kodiak Gas Services by 75.2% during the third quarter. United Advisor Group LLC now owns 27,803 shares of the company’s stock worth $1,473,000 after acquiring an additional 11,936 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KGS shares. Stifel Nicolaus lifted their target price 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. UBS Group reiterated a “buy” rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Barclays dropped their price objective on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Jefferies Financial Group cut their price objective on Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $79.18.

About Kodiak Gas Services

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.