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

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.41 per share on Friday, February 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.46%.

Kodiak Gas Services has a payout ratio of 72.2% indicating that 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 Trading Up 1.2 %

KGS traded up $0.56 during trading on Monday, hitting $47.34. 925,553 shares of the stock traded hands, compared to its average volume of 1,103,840. The firm has a market capitalization of $4.15 billion, a P/E ratio of 163.23 and a beta of 1.18. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a 50-day moving average of $42.88 and a 200 day moving average of $34.50. Kodiak Gas Services has a 12-month low of $22.64 and a 12-month high of $50.43.

Analyst Ratings Changes

KGS has been the subject of several research analyst reports. Mizuho raised 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 report on Monday. Citigroup raised their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James lifted their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays lifted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada raised their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.09.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Kodiak Gas Services Company Profile

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.