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S&P 500   4,293.93
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QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
The Stock That's Brining Lithium Back To America! (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
The Stock That's Brining Lithium Back To America! (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
The Stock That's Brining Lithium Back To America! (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
The Stock That's Brining Lithium Back To America! (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
The Stock That's Brining Lithium Back To America! (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
The Stock That's Brining Lithium Back To America! (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
NASDAQ:KNTK

Kinetik (KNTK) Stock Forecast, Price & News

$33.53
+0.18 (+0.54%)
(As of 06/8/2023 ET)
Compare
Today's Range
$33.14
$33.56
50-Day Range
$27.45
$33.53
52-Week Range
$26.32
$44.99
Volume
192,242 shs
Average Volume
243,140 shs
Market Capitalization
$4.80 billion
P/E Ratio
25.99
Dividend Yield
8.95%
Price Target
$37.50

Kinetik MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.8% Upside
$37.50 Price Target
Short Interest
Bearish
13.70% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.42mentions of Kinetik in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$952,808 Sold Last Quarter
Proj. Earnings Growth
48.30%
From $1.47 to $2.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Oils/Energy Sector

118th out of 248 stocks

Natural Gas Transmission Industry

10th out of 18 stocks


KNTK stock logo

About Kinetik (NASDAQ:KNTK) Stock

Kinetik Holdings, Inc. provides oil and gas production and distribution services. It operates through the Midstream Logistics and Pipeline Transportation segments. The Midstream Logistics segment is involved in the following service offerings: gas gathering and processing, crude oil gathering, stabilization and storage services, and water gathering and disposal. The Pipeline Transportation segment focuses on the equity investment interests in four Permian Basin pipelines that access various points along the Texas Gulf Coast, Brandywine NGL Pipeline, and the Delaware Link Pipeline that is under development. The company was founded in 2012 and is headquartered in Houston, TX.

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KNTK Stock News Headlines

Having Trouble in Your Trading?
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Kinetik (NASDAQ:KNTK) Sets New 52-Week Low at $26.60
Having Trouble in Your Trading?
If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right or anticipate massive trend reversals with A.I. like I’ll show you in this upcoming FREE Live A.I. Stock Market Training.
Wolfe Research Initiates Coverage on Kinetik (NASDAQ:KNTK)
Kinetik (KNTK) Set to Announce Quarterly Earnings on Wednesday
Kinetik (NASDAQ:KNTK) Now Covered by Analysts at Raymond James
See More Headlines

KNTK Price History

KNTK Company Calendar

Last Earnings
5/03/2023
Ex-Dividend for 5/17 Dividend
5/04/2023
Dividend Payable
5/17/2023
Today
6/09/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Current Symbol
NASDAQ:KNTK
Fax
N/A
Employees
200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.50
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$250.72 million
Pretax Margin
19.07%

Debt

Sales & Book Value

Annual Sales
$1.21 billion
Cash Flow
$3.29 per share
Book Value
($6.00) per share

Miscellaneous

Free Float
137,964,000
Market Cap
$4.80 billion
Optionable
Not Optionable
Beta
2.65

Key Executives

  • Jamie W. Welch
    President, CEO, CFO & Director
  • Matt Wall
    Chief Operating Officer & Executive VP
  • Todd Carpenter
    Secretary & Chief Compliance Officer
  • Steven M. Stellato
    EVP, Chief Accounting & Administrative Officer
  • Anne PsencikAnne Psencik
    Chief Strategy Officer













KNTK Stock - Frequently Asked Questions

Should I buy or sell Kinetik stock right now?

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.

What is Kinetik's stock price forecast for 2023?

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.

How have KNTK shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Kinetik's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our KNTK earnings forecast
.

How were Kinetik's earnings last quarter?

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%.

How often does Kinetik pay dividends? What is the dividend yield for Kinetik?

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
.

Is Kinetik a good dividend stock?

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.

When did Kinetik's stock split?

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.

What is Kinetik's stock symbol?

Kinetik trades on the NASDAQ under the ticker symbol "KNTK."

Who are Kinetik's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Kinetik?

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.
Compare Top Brokerages Here.

What is Kinetik's stock price today?

One share of KNTK stock can currently be purchased for approximately $33.53.

How much money does Kinetik make?

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.

How many employees does Kinetik have?

The company employs 200 workers across the globe.

How can I contact Kinetik?

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.

This page (NASDAQ:KNTK) was last updated on 6/9/2023 by MarketBeat.com Staff

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