Short Interest in Kodiak Gas Services, Inc. (NYSE:KGS) Grows By 28.0%

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 6,030,000 shares, a growth of 28.0% from the March 15th total of 4,710,000 shares. Currently, 12.0% of the shares of the company are sold short. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 5.1 days.

Kodiak Gas Services Trading Up 1.2 %

Kodiak Gas Services stock traded up $0.40 during midday trading on Tuesday, reaching $33.21. 462,385 shares of the stock traded hands, compared to its average volume of 786,549. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market cap of $2.95 billion, a PE ratio of 114.53 and a beta of 1.52. The company has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $38.96. Kodiak Gas Services has a 12-month low of $24.84 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $309.52 million for the quarter, compared to analysts' expectations of $323.82 million. Research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.94%. Kodiak Gas Services's payout ratio is 277.97%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KGS. Citigroup increased their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays dropped their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Finally, Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.45.

Insider Transactions at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company's stock worth $299,786,000 after acquiring an additional 2,452,492 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Kodiak Gas Services during the fourth quarter worth $66,122,000. Zimmer Partners LP lifted its holdings in Kodiak Gas Services by 88.1% during the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock worth $136,687,000 after buying an additional 1,567,849 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Kodiak Gas Services by 52.3% during the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after acquiring an additional 913,104 shares in the last quarter. Finally, Merewether Investment Management LP increased its holdings in shares of Kodiak Gas Services by 259.4% in the 4th quarter. Merewether Investment Management LP now owns 934,499 shares of the company's stock valued at $38,156,000 after acquiring an additional 674,499 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

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.