Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.51 per share on Wednesday, November 25th. This represents a $2.04 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, November 16th. This is a 4.1% increase from Kodiak Gas Services’s previous quarterly dividend of $0.49.
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 tumble. Equities research analysts expect Kodiak Gas Services to earn $2.96 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 66.2%.
Kodiak Gas Services Price Performance
Kodiak Gas Services stock opened at $41.21 on Thursday. The business has a 50 day simple moving average of $53.66 and a 200 day simple moving average of $59.07. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The company has a market capitalization of $4.18 billion, a PE ratio of 49.06 and a beta of 1.07. Kodiak Gas Services has a one year low of $32.55 and a one year high of $77.68.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, sell-side analysts forecast that Kodiak Gas Services will post 2.43 EPS for the current fiscal year.
Analysts Set New Price Targets
KGS has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Citigroup cut their price target on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Royal Bank Of Canada reduced their price objective on shares of Kodiak Gas Services from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. UBS Group restated a “buy” rating on shares of Kodiak Gas Services in a report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $79.18.
View Our Latest Analysis on KGS
Kodiak Gas Services Company Profile
Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.
Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.
Featured Articles
- Five stocks we like better than Kodiak Gas Services
- How Much of Tesla’s Robotaxi Future Is Already Priced In?
- 3 AI Infrastructure Plays Beyond Chipmakers
- Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
Receive News & Ratings for Kodiak Gas Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodiak Gas Services and related companies with MarketBeat.com's FREE daily email newsletter.
