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

Kodiak Gas Services, Inc. (NYSE:KGS) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,710,000 shares, a growth 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 presently 4.1 days. Currently, 9.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KGS. Barclays dropped their target price on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial raised their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Mizuho upped their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.91.

Kodiak Gas Services Stock Up 0.7 %

Shares of Kodiak Gas Services stock traded up $0.25 on Tuesday, hitting $37.55. The company had a trading volume of 963,405 shares, compared to its average volume of 745,812. The stock has a 50-day moving average of $42.12 and a 200-day 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. Kodiak Gas Services has a twelve month low of $24.84 and a twelve month high of $50.43. The firm has a market capitalization of $3.33 billion, a P/E ratio of 129.49 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Research analysts predict that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.37%. Kodiak Gas Services’s payout ratio is presently 277.97%.

Insider Activity

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of Kodiak Gas Services by 16.9% during the 4th quarter. California State Teachers Retirement System now owns 27,527 shares of the company’s stock worth $1,124,000 after acquiring an additional 3,985 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Kodiak Gas Services in the fourth quarter valued at $5,657,000. HWG Holdings LP grew its position in Kodiak Gas Services by 6.3% in the fourth quarter. HWG Holdings LP now owns 86,066 shares of the company’s stock valued at $3,514,000 after purchasing an additional 5,134 shares in the last quarter. United Advisor Group LLC increased its stake in Kodiak Gas Services by 4.4% in the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock valued at $501,000 after buying an additional 519 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Kodiak Gas Services by 57.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 56,963 shares of the company’s stock worth $2,326,000 after buying an additional 20,899 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

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.