Kinetik (KNTK) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KNTK shares.
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12 brokers have issued 1-year target prices for Kinetik's shares. Their KNTK share price targets range from $35.00 to $43.00. On average, they expect the company's share price to reach $40.30 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
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Kinetik's stock was trading at $33.40 at the beginning of 2024. Since then, KNTK stock has increased by 19.1% and is now trading at $39.79.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our KNTK earnings forecast.

Kinetik Holdings Inc. (NASDAQ:KNTK) posted its quarterly earnings results on Wednesday, May, 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.32. The firm had revenue of $341.39 million for the quarter, compared to analyst estimates of $277.52 million. Kinetik had a net margin of 29.62% and a negative trailing twelve-month return on equity of 48.03%. Kinetik's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS.

Kinetik declared a quarterly dividend on Thursday, April 18th. Stockholders of record on Monday, April 29th will be given a dividend of $0.75 per share on Thursday, May 9th. This represents a $3.00 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Friday, April 26th.
Read our dividend analysis for KNTK.

Kinetik (NASDAQ:KNTK) pays an annual dividend of $3.00 per share and currently has a dividend yield of 7.52%. KNTK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 122.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KNTK will have a dividend payout ratio of 127.66% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KNTK.

ETFs with the largest weight of Kinetik (NASDAQ:KNTK) stock in their portfolio include WBI BullBear Value 3000 ETF (WBIF), Pacer American Energy Independence ETF (USAI), WBI BullBear Yield 3000 ETF (WBIG), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC) and Global X SuperDividend ETF (SDIV).

Shares of Kinetik split before market open on Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly minted shares were issued to shareholders after the closing bell on Thursday, June 9th 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Kinetik's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.16%), Kayne Anderson Capital Advisors LP (0.76%), Chickasaw Capital Management LLC (0.46%), Jennison Associates LLC (0.25%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.22%) and Mirae Asset Global Investments Co. Ltd. (0.09%). Insiders that own company stock include Anne Psencik, Corp Apache, Jamie Welch, Matthew Wall, Todd Carpenter and Trevor Howard.
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Shares of KNTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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