Kinetik (KNTK) Stock Price, News & Analysis

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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11 Wall Street analysts have issued 1 year target prices for Kinetik's shares. Their KNTK share price targets range from $34.00 to $43.00. On average, they anticipate the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
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Kinetik's stock was trading at $33.08 at the start of the year. Since then, KNTK stock has increased by 3.7% and is now trading at $34.31.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
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Kinetik Holdings Inc. (NASDAQ:KNTK) released its quarterly earnings data on Wednesday, November, 8th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.28. The firm earned $330.30 million during the quarter, compared to analyst estimates of $299.26 million. Kinetik had a negative trailing twelve-month return on equity of 13.30% and a net margin of 8.90%. Kinetik's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS.

Kinetik announced a quarterly dividend on Wednesday, November 1st. Investors of record on Monday, November 13th will be given a dividend of $0.75 per share on Wednesday, November 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date is Friday, November 10th.
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 8.65%. KNTK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 370.37%. 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 124.48% 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 Amplify Natural Resources Dividend Income ETF (NDIV), Pacer American Energy Independence ETF (USAI), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Arrow Dow Jones Global Yield ETF (GYLD), VanEck Energy Income ETF (EINC), iShares U.S. Infrastructure ETF (IFRA) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Kinetik's stock 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 distributed to shareholders after the market closes 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 many different institutional and retail investors. Top institutional shareholders include Blackstone Inc. (6.19%), Jennison Associates LLC (0.35%), Victory Capital Management Inc. (0.22%), Ameriprise Financial Inc. (0.20%), Chickasaw Capital Management LLC (0.16%) and Invesco Ltd. (0.14%). 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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