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

Kodiak Gas Services, Inc. (NYSE:KGS) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 4,162,899 shares, a drop of 25.7% from the December 31st total of 5,600,484 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily volume of 1,221,188 shares, the short-interest ratio is currently 3.4 days. Based on an average daily volume of 1,221,188 shares, the short-interest ratio is currently 3.4 days. Approximately 4.8% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities analysts have weighed in on KGS shares. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research note on Thursday, November 6th. Royal Bank Of Canada increased their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Mizuho raised their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KGS. Allworth Financial LP raised its stake in Kodiak Gas Services by 1,850.0% during 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 period. Nisa Investment Advisors LLC grew its holdings in shares of Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Kodiak Gas Services by 1,501.3% during the 2nd 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 period. GAMMA Investing LLC lifted 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 worth $47,000 after purchasing an additional 556 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Kodiak Gas Services by 80.4% during 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 period. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Up 2.2%

NYSE KGS traded up $0.92 on Friday, hitting $42.01. 1,719,700 shares of the stock traded hands, compared to its average volume of 1,255,262. 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 stock has a 50-day moving average of $37.08 and a 200 day moving average of $35.28. Kodiak Gas Services has a twelve month low of $29.25 and a twelve month high of $48.47. The company has a market capitalization of $3.64 billion, a P/E ratio of 52.51 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The firm had revenue of $322.74 million during 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%.Kodiak Gas Services’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. As a group, analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 4.7%. Kodiak Gas Services’s payout ratio is presently 245.00%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.