Kodiak Gas Services (NYSE:KGS) Stock: Insider Robert Michael Mckee Sells 2,666 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert McKee sold 2,666 shares of Kodiak Gas Services 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 owned 287,258 shares in the company, valued at $13,084,601.90. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $62.39, for a total value of $374,839.12.

Kodiak Gas Services Stock Performance

NYSE:KGS traded down $5.33 during midday 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. The firm has a fifty day simple moving average of $54.02 and a two-hundred day simple moving average of $59.04. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.18 billion, a P/E ratio of 49.06 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $386.30 million. During the same quarter in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 2.43 EPS for the current year.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Kodiak Gas Services during the second quarter worth about $29,000. Core Capital Management & Research inc. acquired a new position in Kodiak Gas Services during the second quarter worth about $64,000. Harbor Investment Advisory LLC purchased a new position in Kodiak Gas Services in the second quarter valued at about $76,000. Allworth Financial LP purchased a new position in Kodiak Gas Services in the second quarter valued at about $80,000. Finally, Hilltop National Bank purchased a new position in Kodiak Gas Services in the second quarter valued at about $102,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research lowered Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. JPMorgan Chase & Co. dropped their target price on Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Mizuho set a $72.00 target price on Kodiak Gas Services in a research note on Monday, October 12th. Barclays reduced their price target on Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Citigroup decreased their price target on Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company 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.