Kodiak Gas Services, Inc. (NYSE:KGS) Sees Significant Growth in Short Interest

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

Kodiak Gas Services Price Performance

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

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on Thursday, November 21st. The shares were 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 owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares during the last quarter. Mendota Financial Group LLC bought a new position in Kodiak Gas Services during the 4th quarter worth $122,000. SG Americas Securities LLC acquired a new position in Kodiak Gas Services during the 3rd quarter worth about $125,000. Hsbc Holdings PLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $208,000. Finally, Kestra Investment Management LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter worth about $233,000. Institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KGS. Barclays upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Raymond James raised their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial upped their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price of $39.36.

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.