Kodiak Gas Services, Inc. (KGS) to Issue Quarterly Dividend of $0.49 on May 28th
by Jessica Moore · The Cerbat GemKodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Monday, May 18th will be given a dividend of 0.49 per share on Thursday, May 28th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, May 18th.
Kodiak Gas Services has a 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. Research analysts expect Kodiak Gas Services to earn $2.81 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 69.8%.
Kodiak Gas Services Trading Down 0.9%
KGS opened at $69.64 on Friday. Kodiak Gas Services has a 12 month low of $30.06 and a 12 month high of $71.92. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 80.05, a PEG ratio of 0.97 and a beta of 1.01. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The business has a fifty day moving average price of $60.00 and a 200 day moving average price of $46.17.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. Sell-side analysts expect that Kodiak Gas Services will post 2.33 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.