Kodiak Gas Services, Inc. (NYSE:KGS) Plans Quarterly Dividend of $0.41

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 3.46%.

Kodiak Gas Services has a dividend payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.2 %

Kodiak Gas Services stock traded up $0.56 during mid-day trading on Monday, hitting $47.34. 925,553 shares of the company’s stock were exchanged, compared to its average volume of 1,103,840. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market cap of $4.15 billion, a P/E ratio of 163.23 and a beta of 1.18. Kodiak Gas Services has a 1-year low of $22.64 and a 1-year high of $50.43. The stock has a 50 day moving average of $42.88 and a two-hundred day moving average of $34.50.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated 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 owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KGS has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Barclays raised their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Mizuho raised their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

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.