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

Kodiak Gas Services, Inc. (NYSE:KGSGet Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.49 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th.

Kodiak Gas Services has a 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 fall. Research analysts expect Kodiak Gas Services to earn $3.07 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 63.8%.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $57.92 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. Kodiak Gas Services has a 12-month low of $30.68 and a 12-month high of $77.68. The firm has a fifty day moving average of $66.52 and a 200-day moving average of $60.77. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 78.27, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGSGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Kodiak Gas Services will post 2.41 earnings per share for the current year.

About Kodiak Gas Services

(Get Free Report)

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.

Further Reading

Dividend History for Kodiak Gas Services (NYSE:KGS)

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