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

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

Kodiak Gas Services has a payout ratio of 90.3% meaning 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 $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 Stock Up 0.4%

NYSE KGS traded up $0.31 on Friday, hitting $70.58. 144,362 shares of the stock traded hands, compared to its average volume of 1,421,005. The stock has a 50-day moving average of $60.00 and a 200 day moving average of $46.17. Kodiak Gas Services has a twelve month low of $30.06 and a twelve month high of $71.92. The company has a market capitalization of $6.06 billion, a P/E ratio of 81.07, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The company had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, 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.