Kodiak Gas Services, Inc. (NYSE:KGS) Sees Large Decline in Short Interest

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

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently made changes to their positions in KGS. Tyler Stone Wealth Management bought a new stake in shares of Kodiak Gas Services during the second quarter worth about $1,068,000. Walleye Capital LLC grew its holdings in Kodiak Gas Services by 385.9% during the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after acquiring an additional 319,257 shares during the last quarter. Viking Fund Management LLC increased its position in Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after acquiring an additional 38,000 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of Kodiak Gas Services during the third quarter valued at $28,385,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Kodiak Gas Services during the third quarter valued at $1,336,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

NYSE KGS traded up $0.44 on Tuesday, reaching $41.98. The stock had a trading volume of 949,055 shares, compared to its average volume of 1,308,312. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. The company has a market cap of $3.64 billion, a P/E ratio of 52.47 and a beta of 1.31. The firm has a fifty day moving average of $37.24 and a two-hundred day moving average of $35.35. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $48.47.

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 analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The business had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Royal Bank Of Canada lifted their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Barclays raised Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.

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.