Short Interest in Kodiak Gas Services, Inc. (NYSE:KGS) Expands By 33.5%

Kodiak Gas Services, Inc. (NYSE:KGS) saw a significant growth in short interest in 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. Currently, 7.7% of the shares of the stock are sold short. Based on an average trading volume of 789,500 shares, the days-to-cover ratio is presently 4.4 days.

Insider Activity

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s 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 transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in 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 acquiring an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at about $44,558,000. Zimmer Partners LP boosted its position in shares of Kodiak Gas Services by 313.0% in the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after purchasing an additional 1,348,899 shares during the period. Augustine Asset Management Inc. increased its position in Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock worth $26,141,000 after buying an additional 605,844 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Kodiak Gas Services in the third quarter valued at approximately $9,741,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KGS shares. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup boosted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Mizuho started coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Finally, Barclays boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Two investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Trading Up 3.4 %

Kodiak Gas Services stock traded up $1.64 during mid-day trading on Thursday, hitting $49.69. The company’s stock had a trading volume of 1,169,671 shares, compared to its average volume of 983,955. The stock’s fifty day moving average is $42.58 and its two-hundred day moving average is $34.19. 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 1 year low of $22.64 and a 1 year high of $50.43. The firm has a market capitalization of $4.35 billion, a PE ratio of 171.46 and a beta of 1.15.

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.