Kodiak Gas Services, Inc. Declares Quarterly Dividend of $0.41 (NYSE:KGS)

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.41 per share on Friday, February 21st. This represents a $1.64 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, February 14th.

Kodiak Gas Services has a payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kodiak Gas Services to earn $2.12 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 77.4%.

Kodiak Gas Services Price Performance

Shares of KGS stock traded down $1.10 during trading hours on Friday, reaching $45.28. The company's stock had a trading volume of 1,330,299 shares, compared to its average volume of 1,121,720. Kodiak Gas Services has a fifty-two week low of $23.12 and a fifty-two week high of $50.43. The firm's 50 day simple moving average is $43.46 and its 200-day simple moving average is $34.93. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 156.14 and a beta of 1.18.

Wall Street Analyst Weigh In

KGS has been the topic of several research analyst reports. Barclays raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Royal Bank of Canada raised their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Truist Financial upped their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Mizuho boosted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.09.

Insider Activity

In other news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.