Kodiak Gas Services, Inc. (NYSE:KGS) Announces $0.49 Quarterly Dividend

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 0.49 per share on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th.

Kodiak Gas Services has a dividend 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. Research analysts expect Kodiak Gas Services to earn $2.81 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 69.8%.

Kodiak Gas Services Trading Up 0.7%

Shares of KGS stock traded up $0.49 during mid-day trading on Friday, hitting $70.76. The company’s stock had a trading volume of 264,800 shares, compared to its average volume of 1,422,039. The company’s fifty day simple moving average is $60.00 and its 200-day simple moving average is $46.17. Kodiak Gas Services has a 52 week low of $30.06 and a 52 week high of $71.92. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The company has a market cap of $6.08 billion, a PE ratio of 81.33, a P/E/G ratio of 1.01 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same period last year, the business posted $0.21 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that Kodiak Gas Services will post 2.33 earnings per share for the current fiscal year.

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.