Short Interest in Kodiak Gas Services, Inc. (NYSE:KGS) Grows By 20.6%

Kodiak Gas Services, Inc. (NYSE:KGS) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 5,600,484 shares, an increase of 20.6% from the December 15th total of 4,645,291 shares. Based on an average daily volume of 1,418,017 shares, the short-interest ratio is currently 3.9 days. Currently, 6.5% of the shares of the stock are sold short. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily volume of 1,418,017 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Kodiak Gas Services by 52.1% in the 4th 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 period. Westend Capital Management LLC acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth approximately $13,585,000. Exchange Traded Concepts LLC grew its position in Kodiak Gas Services by 16.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 77,305 shares of the company’s stock valued at $2,891,000 after purchasing an additional 11,101 shares in the last quarter. Stablepoint Partners LLC acquired a new position in Kodiak Gas Services in the 4th quarter valued at approximately $342,000. Finally, Argentarii LLC increased its stake in Kodiak Gas Services by 293.7% in the 4th quarter. Argentarii LLC now owns 23,620 shares of the company’s stock valued at $883,000 after buying an additional 17,620 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Mizuho decreased their price target on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 3rd. William Blair started coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Finally, Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Kodiak Gas Services Trading Up 2.6%

Shares of NYSE:KGS traded up $0.97 during mid-day trading on Monday, hitting $37.76. The stock had a trading volume of 2,687,427 shares, compared to its average volume of 1,139,737. The company’s 50 day moving average is $35.86 and its 200-day moving average is $34.78. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $50.43. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The company has a market cap of $3.27 billion, a PE ratio of 47.20 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.14). The firm had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. Kodiak Gas Services’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share. On average, sell-side analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.96 annualized dividend and a yield of 5.2%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 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.