Kodiak Gas Services, Inc. (KGS) To Go Ex-Dividend on November 16th

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be given a dividend of $0.51 per share on Wednesday, November 25th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date 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 tumble. Equities 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 Stock Performance

Shares of KGS stock opened at $38.92 on Friday. The firm’s 50 day moving average price is $53.23 and its 200-day moving average price is $59.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. Kodiak Gas Services has a one year low of $32.55 and a one year high of $77.68. The firm has a market cap of $3.95 billion, a P/E ratio of 21.72 and a beta of 1.07.

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

Key Headlines Impacting Kodiak Gas Services

Here are the key news stories impacting Kodiak Gas Services this week:

• Positive Sentiment: The board raised the quarterly cash dividend 4.1% to $0.51 per share, payable November 25 to shareholders of record November 16. That equals $2.04 annualized and an indicated yield of about 5%, supporting the income case for KGS. Kodiak Gas Services Announces Quarterly Dividend
• Neutral Sentiment: Analyst sentiment remains broadly favorable: the consensus rating is “Moderate Buy,” with an average target price of $79.18. Targets are not a guarantee of future performance, and the stock’s recent weakness may reflect near-term market pressure. Consensus target price
• Negative Sentiment: KGS came under pressure amid sector-wide selling, which appears to be a near-term headwind independent of the dividend announcement. Kodiak Gas Services Drops Amid Sector-Wide Selling
• Negative Sentiment: CEO Robert McKee sold 2,666 shares for about $121,436. The sale reduced his direct ownership by 0.92%, though he retained 287,258 shares; the limited size may temper its significance. CEO stock sale

About Kodiak Gas Services

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.