Short Interest in Kodiak Gas Services, Inc. (NYSE:KGS) Grows By 41.3%

Kodiak Gas Services, Inc. (NYSE:KGS) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 5,557,140 shares, an increase of 41.3% from the January 29th total of 3,932,040 shares. Currently, 6.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,214,427 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 2,214,427 shares, the short-interest ratio is presently 2.5 days. Currently, 6.4% of the shares of the stock are short sold.

Kodiak Gas Services Stock Up 1.4%

KGS opened at $57.63 on Wednesday. The company has a fifty day moving average of $43.41 and a two-hundred day moving average of $38.06. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 66.24 and a beta of 1.11. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $58.20. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. On average, research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were given a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.4%. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Kodiak Gas Services by 52.1% during the 4th 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 grew its holdings in shares of 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 buying an additional 1,156 shares in the last quarter. State of Wyoming raised its position in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KGS shares. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Citigroup raised their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a research report on Thursday, November 6th. William Blair started coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

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.