Kodiak Gas Services, Inc. (NYSE:KGS) Short Interest Update

Kodiak Gas Services, Inc. (NYSE:KGS) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,710,000 shares, an increase of 24.6% from the February 28th total of 3,780,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 9.4% of the company’s shares are sold short.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $38.73 on Thursday. Kodiak Gas Services has a one year low of $24.84 and a one year high of $50.43. The company has a 50-day simple moving average of $41.92 and a two-hundred day simple moving average of $38.60. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $3.43 billion, a PE ratio of 133.56 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KGS. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Citigroup upped their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Truist Financial upped their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.91.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KGS. GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Comerica Bank boosted its position in shares of Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after purchasing an additional 632 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after buying an additional 701 shares during the last quarter. Amalgamated Bank increased its position in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services during the fourth quarter valued at $49,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Company Profile

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.