Kodiak Gas Services, Inc. (KGS) to Issue Quarterly Dividend of $0.41 on February 21st

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.41 per share on Friday, February 21st. This represents a $1.64 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, February 14th.

Kodiak Gas Services has a dividend payout ratio of 71.9% meaning 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 Down 1.9 %

Shares of NYSE:KGS opened at $45.30 on Wednesday. The firm has a fifty day moving average of $43.77 and a two-hundred day moving average of $35.41. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a 12-month low of $23.54 and a 12-month high of $50.43. The firm has a market capitalization of $3.97 billion, a P/E ratio of 156.21 and a beta of 1.18.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.