Kodiak Gas Services, Inc. (NYSE:KGS) Sees Large Growth in Short Interest

Kodiak Gas Services, Inc. (NYSE:KGS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,600,484 shares, an increase of 20.6% from the December 15th total of 4,645,291 shares. Based on an average trading volume of 1,418,017 shares, the short-interest ratio is currently 3.9 days. Currently, 6.5% of the shares of the company are short sold. Currently, 6.5% of the shares of the company are short sold. Based on an average trading volume of 1,418,017 shares, the short-interest ratio is currently 3.9 days.

Kodiak Gas Services Stock Up 1.5%

NYSE KGS opened at $38.31 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 47.88 and a beta of 1.31. The company has a 50 day moving average of $35.94 and a 200-day moving average of $34.81. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). The company had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. On average, equities research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.1%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. Kodiak Gas Services’s payout ratio is presently 245.00%.

Wall Street Analysts Forecast Growth

KGS has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Barclays raised shares of Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $42.00 in a report on Tuesday, January 13th. Royal Bank Of Canada increased their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. William Blair assumed coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Mizuho upped their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven investment 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.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently bought and sold shares of KGS. Allworth Financial LP lifted its holdings in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the period. Nisa Investment Advisors LLC lifted its stake in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kodiak Gas Services by 1,501.3% during the second 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the last quarter. 24.95% of the stock is owned by institutional investors.

About Kodiak Gas Services

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.