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

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

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now directly 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 is available at the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Several large investors have recently modified their holdings of KGS. FMR LLC grew its position in shares of Kodiak Gas Services by 444.4% in the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares in the last quarter. Zimmer Partners LP grew its holdings in Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after buying an additional 1,348,899 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Kodiak Gas Services during the third quarter valued at about $44,558,000. State Street Corp lifted its holdings in shares of Kodiak Gas Services by 8.7% in the third quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after buying an additional 54,202 shares in the last quarter. Finally, Augustine Asset Management Inc. boosted its position in shares of Kodiak Gas Services by 1,761.2% in the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after acquiring an additional 605,844 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

KGS has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Truist Financial lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price target 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. Finally, Raymond James boosted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average target price of $39.36.

Kodiak Gas Services Stock Performance

KGS traded down $2.90 during trading on Friday, hitting $46.76. 3,021,370 shares of the company traded hands, compared to its average volume of 880,204. Kodiak Gas Services has a one year low of $22.64 and a one year high of $50.43. The stock’s fifty day moving average is $42.88 and its 200 day moving average is $34.42. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.09 billion, a P/E ratio of 161.23 and a beta of 1.15.

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.