Kodiak Gas Services, Inc. Announces 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 paid a dividend of 0.41 per share on Friday, February 21st. This represents a $1.64 annualized dividend and a dividend 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 Performance

NYSE:KGS opened at $47.34 on Tuesday. The firm has a 50-day moving average of $43.03 and a two-hundred day moving average of $34.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. 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.

Analysts Set New Price Targets

KGS has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a 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 report on Friday, November 29th. Finally, Citigroup raised their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $41.09.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.