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

Kodiak Gas Services, Inc. (NYSE:KGS) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,310,000 shares, a growth of 5.1% from the September 15th total of 3,150,000 shares. Approximately 11.0% of the company’s stock are sold short. Based on an average daily trading volume, of 710,400 shares, the short-interest ratio is presently 4.7 days.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in Kodiak Gas Services by 20.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after buying an additional 215,570 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Kodiak Gas Services in the fourth quarter worth approximately $46,000. Quadrature Capital Ltd grew its holdings in Kodiak Gas Services by 30.2% in the fourth quarter. Quadrature Capital Ltd now owns 26,736 shares of the company’s stock valued at $537,000 after purchasing an additional 6,198 shares during the period. Capstone Investment Advisors LLC increased its position in Kodiak Gas Services by 8.6% during the first quarter. Capstone Investment Advisors LLC now owns 271,400 shares of the company’s stock worth $7,420,000 after purchasing an additional 21,400 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in Kodiak Gas Services during the first quarter worth approximately $5,184,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KGS. Royal Bank of Canada increased their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup began coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They set a “buy” rating and a $35.00 price target for the company. Bank of America began coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target on the stock. Mizuho started coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. 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.com, Kodiak Gas Services has an average rating of “Moderate Buy” and an average target price of $33.09.

Kodiak Gas Services Price Performance

Shares of KGS traded down $0.34 on Friday, reaching $31.05. The stock had a trading volume of 29,641 shares, compared to its average volume of 516,904. The firm has a 50-day moving average of $28.41 and a 200 day moving average of $27.68. The firm has a market capitalization of $2.62 billion, a PE ratio of 35.67 and a beta of 0.89. Kodiak Gas Services has a twelve month low of $16.72 and a twelve month high of $32.77. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The firm had revenue of $309.65 million during the quarter, compared to analysts’ expectations of $313.88 million. Sell-side analysts expect that Kodiak Gas Services will post 1.15 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a $0.41 dividend. The ex-dividend date was Monday, August 12th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 5.28%. Kodiak Gas Services’s dividend payout ratio is currently 186.36%.

About Kodiak Gas Services

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.