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

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,710,000 shares, an increase of 24.6% from the February 28th total of 3,780,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 9.4% of the shares of the stock are short sold.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company'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 transaction, the insider now owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. California State Teachers Retirement System lifted its position in shares of Kodiak Gas Services by 16.9% in the 4th quarter. California State Teachers Retirement System now owns 27,527 shares of the company's stock worth $1,124,000 after buying an additional 3,985 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Kodiak Gas Services in the fourth quarter worth about $5,657,000. HWG Holdings LP boosted its stake 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 acquiring an additional 5,134 shares during the period. United Advisor Group LLC grew its holdings in shares of Kodiak Gas Services by 4.4% during the fourth quarter. United Advisor Group LLC now owns 12,281 shares of the company's stock valued at $501,000 after purchasing an additional 519 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of 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 purchasing an additional 20,899 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays cut their price objective on shares of Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Truist Financial upped their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Citigroup upped their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.91.

Kodiak Gas Services Stock Down 9.9 %

NYSE KGS traded down $3.44 during trading hours on Friday, reaching $31.30. 1,950,011 shares of the company traded hands, compared to its average volume of 749,727. The company has a 50 day moving average of $41.27 and a two-hundred day moving average of $38.68. The stock has a market capitalization of $2.78 billion, a PE ratio of 107.92 and a beta of 1.52. Kodiak Gas Services has a 12 month low of $24.84 and a 12 month high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 EPS 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 firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. As a group, equities analysts expect 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 paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is presently 277.97%.

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.