Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) announced a quarterly dividend on Thursday, August 1, NASDAQ reports. Shareholders of record on Monday, August 12 will be paid a dividend of $0.41 per share on Friday, August 16. This represents an annualized dividend of $1.64 and a dividend yield of 5.68%. The ex-dividend date is Monday, August 12. This is a positive change from Kodiak Gas Services’ previous quarterly dividend of $0.38.
Kodiak Gas Services has a payout ratio of 86.3%, which means the dividend is currently covered by earnings, but this may not be the case in the future if the company’s earnings decline. Analysts expect Kodiak Gas Services to generate $1.74 per share next year, which means the company should still be able to cover its annual dividend of $1.64 with an expected future payout ratio of 94.3%.
Kodiak Gas Services shares down 0.4%
NYSE KGS shares traded $0.13 lower during midday trading on Friday, reaching $28.88. 654,076 shares of the company traded hands, compared to its average volume of 447,034. The company has a 50-day moving average of $27.17 and a 200-day moving average of $26.54. 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 $2.43 billion, a price-to-earnings ratio of 32.82 and a beta of 0.92. The company has a current ratio of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. 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 analyst estimates of $220.55 million. The company’s revenue for the quarter increased 13.4% compared to the year-ago quarter. As a group, equities analysts expect Kodiak Gas Services to report earnings per share of $1.81 for the current fiscal year.
Changes in analyst ratings
KGS has been the subject of several research reports recently. Truist Financial raised 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. Raymond James raised 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. Barclays began coverage on Kodiak Gas Services in a research report on Wednesday, July 17th. They provided an “equal weight” rating and a $29.00 price target for the company. Finally, Royal Bank of Canada raised their price target on Kodiak Gas Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating. The company has a consensus rating of Moderate Buy and an average price target of $30.33, according to data from MarketBeat.com.
Check out our latest stock analysis on KGS
Kodiak Gas Services Company Profile
(Get free report)
Kodiak Gas Services, Inc. operates contracted compression infrastructure for customers in the oil and gas industry in the United States. The Company operates in two segments: Compression Operations and Other Services. The Compression Operations segment operates Company-owned and customer-owned compression infrastructure to facilitate the production, gathering and transportation of natural gas and oil.
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