Kinetik (KNTK) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KNTK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KNTK, but not buy additional shares or sell existing shares.
View KNTK analyst ratings or view top-rated stocks.

8 analysts have issued 1-year price targets for Kinetik's stock. Their KNTK share price forecasts range from $34.00 to $42.00. On average, they predict the company's stock price to reach $37.50 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for KNTK or view top-rated stocks among Wall Street analysts.

Kinetik's stock was trading at $33.08 at the beginning of the year. Since then, KNTK shares have increased by 1.4% and is now trading at $33.53.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our KNTK earnings forecast.

Kinetik Holdings Inc. (NASDAQ:KNTK) released its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.37 by $0.43. The firm had revenue of $281.04 million for the quarter, compared to the consensus estimate of $309.50 million. Kinetik had a negative trailing twelve-month return on equity of 16.97% and a net margin of 4.58%.

Kinetik announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Friday, May 5th will be given a dividend of $0.75 per share on Wednesday, May 17th. This represents a $3.00 annualized dividend and a dividend yield of 8.95%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for KNTK.

ETFs with the largest weight of Kinetik (NASDAQ:KNTK) stock in their portfolio include ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Pacer American Energy Independence ETF (USAI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), VanEck Energy Income ETF (EINC), iShares U.S. Infrastructure ETF (IFRA), Arrow Dow Jones Global Yield ETF (GYLD), Alerian Energy Infrastructure ETF (ENFR) and Global X MLP & Energy Infrastructure ETF (MLPX).

Kinetik (NASDAQ:KNTK) pays an annual dividend of $3.00 per share and currently has a dividend yield of 9.13%. KNTK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 232.56%. 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 137.61% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KNTK.

Shares of Kinetik split 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 trades on the NASDAQ under the ticker symbol "KNTK."

Kinetik's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.22%), Tortoise Capital Advisors L.L.C. (0.39%), Kayne Anderson Capital Advisors LP (0.32%), Ceredex Value Advisors LLC (0.29%), Geode Capital Management LLC (0.25%) and Hotchkis & Wiley Capital Management LLC (0.25%). Insiders that own company stock include Anne Psencik, Corp Apache, Jamie Welch, Matthew Wall and Todd Carpenter.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KNTK stock can currently be purchased for approximately $33.53.

Kinetik (NASDAQ:KNTK) has a market capitalization of $4.80 billion and generates $1.21 billion in revenue each year. The company earns $250.72 million in net income (profit) each year or $1.29 on an earnings per share basis.

The company employs 200 workers across the globe.

Kinetik's mailing address is 2000 Post Oak Boulevard Suite 100, Houston TX, 77056. The official website for the company is www.altusmidstream.com. The company can be reached via phone at (713) 621-7330 or via email at kaac@kaynecapital.com.