Kodiak Gas Services, Inc. (NYSE:KGS) Declares Quarterly Dividend of $0.51

Kodiak Gas Services, Inc. (NYSE:KGS) 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 annualized dividend and a dividend 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 dividend 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 decline. 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 Trading Down 11.5%

Kodiak Gas Services stock opened at $41.21 on Thursday. Kodiak Gas Services has a 52 week low of $32.55 and a 52 week high of $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 49.06 and a beta of 1.07. The company has a 50 day moving average price of $53.66 and a 200 day moving average price of $59.07.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Research analysts forecast that Kodiak Gas Services will post 2.43 EPS for the current year.

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.