Insider Activity Report: Kodiak Gas Services (KGS)

Robert McKee, President and CEO at Kodiak Gas Services (KGS), recently added 16,180 shares. The buy increased his holdings by 17 percent, and came to a total cost of $292,033.

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  • The buy came a week after the company’s Chief Accounting Officer picked up 500 shares for $9,865, and a director bought 5,000 shares for just under $96,000. Over the past two years, there have been over a dozen insider buys and no sales.

    Overall, insiders own 79 percent of the oil and gas infrastructure supplier.

    Shares are up about in-line with the S&P 500 since the company went public earlier this year.

    Energy prices have come well off their 2022 peak, but demand remains strong for energy sources, particularly in the United States, which should keep demand strong.

  • Special: $1,300 into $45,000 in just 4 MONTHS?!
  • Over the last year, earnings have grown by 97 percent, and revenues are up by 15 percent.

    Action to take: Investors may like shares at current prices or on any drop from here. Shares don’t currently pay a dividend, but could start doing so in the future.

    For traders, shares have been trending up since their IPO… but no options trade on the company yet. Traders may want to look elsewhere in the energy space, however, as it’s starting to trend higher after being a laggard so far in 2023.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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