Kodiak Gas Services, Inc. (NYSE:KGS) Short Interest Up 5.7% in July

Kodiak Gas Services, Inc. (NYSE:KGS) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,680,000 shares, an increase of 5.7% from the June 30th total of 1,590,000 shares. Based on an average trading volume of 390,300 shares, the short-interest ratio is currently 4.3 days. Approximately 7.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently modified their holdings of the company. Security National Bank acquired a new position in Kodiak Gas Services during the 2nd quarter worth about $39,000. PNC Financial Services Group Inc. acquired a new position in Kodiak Gas Services during the 4th quarter worth about $46,000. nVerses Capital LLC lifted its holdings in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC acquired a new position in Kodiak Gas Services during the 4th quarter worth about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Kodiak Gas Services during the 4th quarter worth about $127,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KGS. The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays initiated coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target on the stock. Truist Financial lifted their price target on Kodiak Gas Services from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Royal Bank of Canada lifted their price target on Kodiak Gas Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, Raymond James lifted their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.33.

Kodiak Gas Services Price Performance

Shares of NYSE KGS traded down $0.97 during mid-day trading on Thursday, hitting $27.88. 964,082 shares of the stock traded hands, compared to its average volume of 438,512. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 0.76. Kodiak Gas Services has a twelve month low of $16.72 and a twelve month high of $29.75. The company has a market cap of $2.35 billion and a PE ratio of 31.99. The firm has a 50 day simple moving average of $27.07 and a two-hundred day simple moving average of $26.28.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The company had revenue of $215.50 million for the quarter, compared to the consensus estimate of $220.55 million. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities research analysts forecast that Kodiak Gas Services will post 1.81 EPS for the current fiscal year.

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.