Kodiak Gas Services, Inc. (NYSE:KGS) Short Interest Up 33.5% in December

Kodiak Gas Services, Inc. (NYSE:KGS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,510,000 shares, a growth of 33.5% from the December 15th total of 2,630,000 shares. Based on an average daily volume of 789,500 shares, the short-interest ratio is currently 4.4 days. Approximately 7.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

KGS has been the topic of a number of recent research reports. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup boosted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Raymond James lifted their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.36.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $47.35 on Friday. The company has a market capitalization of $4.15 billion, a PE ratio of 163.28 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services has a one year low of $21.18 and a one year high of $47.73. The company’s fifty day moving average price is $40.83 and its 200 day moving average price is $32.98.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.46%. Kodiak Gas Services’s payout ratio is presently 565.54%.

Insider Transactions at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in KGS. GAMMA Investing LLC lifted its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after buying an additional 342 shares during the last quarter. HWG Holdings LP bought a new position in Kodiak Gas Services during the second quarter worth $40,000. Mendota Financial Group LLC acquired a new position in Kodiak Gas Services during the 4th quarter valued at $122,000. SG Americas Securities LLC bought a new stake in Kodiak Gas Services in the 3rd quarter valued at $125,000. Finally, Arizona State Retirement System acquired a new stake in Kodiak Gas Services in the 2nd quarter worth $205,000. Institutional investors own 24.95% of the company’s stock.

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.