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

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) announced a quarterly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.41 per share on Friday, November 8th. This represents a $1.64 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Friday, November 1st.

Kodiak Gas Services has a dividend payout ratio of 85.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect Kodiak Gas Services to earn $1.97 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 83.2%.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.16 during trading on Tuesday, reaching $31.06. 387,335 shares of the stock traded hands, compared to its average volume of 518,446. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 35.28 and a beta of 0.89. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $32.77. The business has a fifty day simple moving average of $28.49 and a two-hundred day simple moving average of $27.72.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The firm had revenue of $309.65 million for the quarter, compared to analysts' expectations of $313.88 million. Sell-side analysts expect that Kodiak Gas Services will post 1.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on KGS. Truist Financial upped their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. Barclays lifted their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Mizuho began coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price objective on the stock. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Bank of America initiated coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They set a "buy" rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.09.

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.

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