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NASDAQ:KNTK

Kinetik (KNTK) Stock Price, News & Analysis

Kinetik logo
$48.67
-0.36 (-0.73%)
(As of 10/31/2024 ET)

About Kinetik Stock (NASDAQ:KNTK)

Key Stats

Today's Range
$48.66
$49.67
50-Day Range
$42.45
$51.59
52-Week Range
$31.73
$51.97
Volume
255,297 shs
Average Volume
509,045 shs
Market Capitalization
$7.67 billion
P/E Ratio
18.94
Dividend Yield
6.41%
Price Target
$45.71
Consensus Rating
Moderate Buy

Company Overview

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. The company was founded in 2017 and is based in Houston, Texas.

Kinetik Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
30th Percentile Overall Score

KNTK MarketRank™: 

Kinetik scored higher than 30% of companies evaluated by MarketBeat, and ranked 221st out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Kinetik has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Kinetik has only been the subject of 3 research reports in the past 90 days.

  • Read more about Kinetik's stock forecast and price target.
  • Earnings Growth

    Earnings for Kinetik are expected to grow by 85.42% in the coming year, from $1.44 to $2.67 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kinetik is 18.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kinetik is 18.94, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.45.

  • Price to Earnings Growth Ratio

    Kinetik has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about Kinetik's valuation and earnings.
  • Short Interest

    There is no current short interest data available for KNTK.
  • Dividend Leadership

    Kinetik is a leading dividend payer. It pays a dividend yield of 6.38%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Kinetik does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Kinetik is 121.40%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Kinetik will have a dividend payout ratio of 116.85% in the coming year. This indicates that Kinetik may not be able to sustain their current dividend.

  • Read more about Kinetik's dividend.
  • Short Interest

    There is no current short interest data available for KNTK.
  • News Sentiment

    Kinetik has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Kinetik this week, compared to 4 articles on an average week.
  • Search Interest

    9 people have searched for KNTK on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Kinetik to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Kinetik insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.71% of the stock of Kinetik is held by insiders.

  • Percentage Held by Institutions

    Only 21.11% of the stock of Kinetik is held by institutions.

  • Read more about Kinetik's insider trading history.
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KNTK Stock News Headlines

Mizuho Boosts Kinetik (NASDAQ:KNTK) Price Target to $55.00
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Kinetik Holdings price target raised to $55 from $47 at Mizuho
Kinetik (NASDAQ:KNTK) Sets New 12-Month High on Analyst Upgrade
See More Headlines

KNTK Stock Analysis - Frequently Asked Questions

Kinetik's stock was trading at $33.40 on January 1st, 2024. Since then, KNTK stock has increased by 45.7% and is now trading at $48.67.
View the best growth stocks for 2024 here
.

Kinetik Holdings Inc. (NASDAQ:KNTK) released its earnings results on Wednesday, August, 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. The company's quarterly revenue was up 21.4% on a year-over-year basis.

Kinetik shares split on the morning of Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly issued shares were payable 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 top institutional investors include Chickasaw Capital Management LLC (0.43%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.26%), Catalyst Capital Advisors LLC (0.16%) and Gilman Hill Asset Management LLC (0.16%). Insiders that own company stock include Jamie Welch, Matthew Wall, Anne Psencik, Todd Carpenter, Trevor Howard and Corp Apache.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kinetik investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Chevron (CVX), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

Ex-Dividend for 8/7 Dividend
7/29/2024
Last Earnings
8/07/2024
Dividend Payable
8/07/2024
Ex-Dividend for 11/7 Dividend
10/28/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Dividend Payable
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$45.71
High Stock Price Target
$55.00
Low Stock Price Target
$35.00
Potential Upside/Downside
-6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$386.45 million
Pretax Margin
16.97%

Debt

Sales & Book Value

Annual Sales
$1.38 billion
Cash Flow
$4.36 per share
Book Value
($3.51) per share

Miscellaneous

Free Float
151,675,000
Market Cap
$7.72 billion
Optionable
Optionable
Beta
2.91
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This page (NASDAQ:KNTK) was last updated on 10/31/2024 by MarketBeat.com Staff
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