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

Kodiak Gas Services, Inc. (NYSE:KGSGet Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,170,000 shares, a growth of 28.9% from the October 15th total of 2,460,000 shares. Based on an average trading volume of 702,300 shares, the short-interest ratio is currently 4.5 days. Approximately 10.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently bought and sold shares of KGS. Quadrature Capital Ltd increased its holdings in shares of Kodiak Gas Services by 3.4% in the 1st quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after buying an additional 906 shares during the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of Kodiak Gas Services by 16.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock valued at $191,000 after purchasing an additional 1,000 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the period. Dark Forest Capital Management LP increased its position in shares of Kodiak Gas Services by 5.9% during the 2nd quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Security National Bank purchased a new stake in Kodiak Gas Services during the 2nd quarter valued at $39,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup started coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 price target for the company. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday. Bank of America assumed coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus price target of $34.64.

Read Our Latest Analysis on Kodiak Gas Services

Kodiak Gas Services Stock Performance

NYSE KGS traded up $0.21 during trading hours on Friday, hitting $36.01. 1,171,262 shares of the company’s stock traded hands, compared to its average volume of 524,501. 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 has a 52 week low of $17.50 and a 52 week high of $36.99. The firm has a market capitalization of $3.15 billion, a P/E ratio of 123.35 and a beta of 0.79. The business’s fifty day moving average price is $30.78 and its two-hundred day moving average price is $28.43.

Kodiak Gas Services (NYSE:KGSGet Free Report) last posted its quarterly earnings data 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 2.23% and a return on equity of 7.91%. The company had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Equities research analysts predict that Kodiak Gas Services will post 1.21 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.55%. Kodiak Gas Services’s payout ratio is 565.54%.

About Kodiak Gas Services

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Kodiak Gas Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodiak Gas Services and related companies with MarketBeat.com's FREE daily email newsletter.