Kodiak Gas Services, Inc. (NYSE:KGS) Sees Significant Growth in Short Interest

Kodiak Gas Services, Inc. (NYSE:KGS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,510,000 shares, a growth of 33.5% from the December 15th total of 2,630,000 shares. Based on an average trading volume of 789,500 shares, the days-to-cover ratio is currently 4.4 days. Approximately 7.7% of the shares of the company are sold short.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS opened at $47.35 on Friday. The business has a fifty day moving average of $40.83 and a 200-day moving average of $32.98. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a twelve month low of $21.18 and a twelve month high of $47.73. The firm has a market cap of $4.15 billion, a PE ratio of 163.28 and a beta of 1.15.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is presently 565.54%.

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of large investors have recently modified their holdings of KGS. SG Americas Securities LLC increased its holdings in shares of Kodiak Gas Services by 305.7% in the fourth quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock valued at $715,000 after purchasing an additional 13,198 shares in the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of Kodiak Gas Services by 1.4% in the 4th quarter. Baker Ellis Asset Management LLC now owns 121,726 shares of the company’s stock valued at $4,970,000 after buying an additional 1,625 shares during the period. Viking Fund Management LLC raised its position in shares of Kodiak Gas Services by 16.7% during the fourth quarter. Viking Fund Management LLC now owns 70,000 shares of the company’s stock worth $2,858,000 after acquiring an additional 10,000 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Kodiak Gas Services during the fourth quarter valued at $563,000. Finally, Mendota Financial Group LLC bought a new position in Kodiak Gas Services in the fourth quarter valued at about $122,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on KGS shares. JPMorgan Chase & Co. upped their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James raised their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.36.

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.