Kodiak Gas Services, Inc. (KGS) To Go Ex-Dividend on May 18th

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 0.49 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th.

Kodiak Gas Services has a dividend 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 decline. Research analysts expect Kodiak Gas Services to earn $3.06 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 64.1%.

Kodiak Gas Services Stock Down 0.9%

NYSE:KGS opened at $73.55 on Friday. Kodiak Gas Services has a fifty-two week low of $30.06 and a fifty-two week high of $76.68. The stock has a market capitalization of $6.53 billion, a P/E ratio of 99.39, a P/E/G ratio of 0.99 and a beta of 1.01. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.57 and a current ratio of 1.28. The company’s 50-day simple moving average is $62.18 and its 200-day simple moving average is $47.71.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. During the same period last year, the business earned $0.33 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Kodiak Gas Services will post 2.46 earnings per share for the current fiscal year.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.