Kodiak Gas Services, Inc. (KGS) to Distribute Quarterly Dividend of $0.49 on August 27th

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of 0.49 per share on Thursday, August 27th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 17th.

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 fall. Equities analysts expect Kodiak Gas Services to earn $3.07 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 63.8%.

Kodiak Gas Services Stock Down 1.9%

Shares of NYSE:KGS opened at $56.76 on Friday. The firm has a market capitalization of $5.04 billion, a P/E ratio of 76.71, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The stock has a 50 day moving average price of $66.28 and a 200-day moving average price of $60.90. Kodiak Gas Services has a 52-week low of $30.68 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). The firm 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 13.12% and a net margin of 5.13%.Kodiak Gas Services’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, equities research analysts anticipate that Kodiak Gas Services will post 2.41 EPS for the current fiscal year.

About Kodiak Gas Services

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.