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

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, February 14th.

Kodiak Gas Services has a dividend payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

NYSE KGS opened at $45.30 on Wednesday. Kodiak Gas Services has a twelve month low of $23.54 and a twelve month high of $50.43. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.97 billion, a P/E ratio of 156.21 and a beta of 1.18. The company’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $35.41.

Insiders Place Their Bets

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KGS. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Barclays upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Raymond James lifted their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.