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

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.38 per share on Monday, May 20th. This represents a $1.52 annualized dividend and a yield of 5.44%. The ex-dividend date is Friday, May 10th.

Kodiak Gas Services has a payout ratio of 91.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Up 1.8 %

Shares of KGS opened at $27.96 on Wednesday. The company’s 50 day simple moving average is $26.88 and its 200-day simple moving average is $22.62. Kodiak Gas Services has a 12-month low of $15.05 and a 12-month high of $29.00. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 1.10.

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

Insider Activity

In other Kodiak Gas Services news, Director Margaret C. Montana acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of $25.25 per share, for a total transaction of $50,500.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

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

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.