Kodiak Gas Services, Inc. Declares Quarterly Dividend of $0.38 (NYSE:KGS)

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.38 per share on Monday, May 20th. This represents a $1.52 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, May 10th.

Kodiak Gas Services has a payout ratio of 91.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kodiak Gas Services to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 88.4%.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $27.28 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $26.76 and a two-hundred day moving average price of $22.40. Kodiak Gas Services has a 12-month low of $15.05 and a 12-month high of $29.00.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $225.98 million during the quarter, compared to analysts’ expectations of $224.45 million. Research analysts predict that Kodiak Gas Services will post 1.82 earnings per share for the current year.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, with a total value of $50,500.00. Following the transaction, the director now owns 16,375 shares of the company’s stock, valued at approximately $413,468.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on KGS shares. JPMorgan Chase & Co. lifted their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Raymond James boosted their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus price target of $26.14.

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.