Kodiak Gas Services, Inc. to Issue Quarterly Dividend of $0.49 (NYSE:KGS)

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.49 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th.

Kodiak Gas Services has a payout ratio of 90.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Kodiak Gas Services to earn $3.07 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 63.8%.

Kodiak Gas Services Trading Down 2.7%

Shares of Kodiak Gas Services stock opened at $57.92 on Thursday. The company’s 50-day moving average price is $66.52 and its 200-day moving average price is $60.77. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services has a 12-month low of $30.68 and a 12-month high of $77.68. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 78.27, a PEG ratio of 0.88 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. Kodiak Gas Services’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, equities analysts expect that Kodiak Gas Services will post 2.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

KGS has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. Royal Bank Of Canada upped their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Finally, Barclays cut their target price on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.33.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.