Ghisallo Capital Management LLC Trims Stock Position in Kodiak Gas Services, Inc. $KGS

Ghisallo Capital Management LLC cut its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 50.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after selling 250,000 shares during the quarter. Ghisallo Capital Management LLC owned about 0.29% of Kodiak Gas Services worth $9,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Kodiak Gas Services by 1,501.3% in 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. PNC Financial Services Group Inc. raised its stake in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after buying an additional 646 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Kodiak Gas Services by 652.4% in the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock worth $60,000 after buying an additional 1,383 shares during the period. Finally, Amplify Investments LLC lifted its holdings in Kodiak Gas Services by 35.7% in the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after buying an additional 700 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KGS has been the topic of a number of research analyst reports. Barclays upped their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Citigroup lifted their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $51.86.

Kodiak Gas Services Price Performance

Shares of KGS opened at $54.27 on Friday. The firm’s 50-day simple moving average is $46.43 and its two-hundred day simple moving average is $39.15. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.50. The stock has a market cap of $4.66 billion, a PE ratio of 62.38 and a beta of 1.11. 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 issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.6%. Kodiak Gas Services’s payout ratio is presently 225.29%.

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.