Stock analysts at Mizuho initiated coverage on shares of Kinetik (NASDAQ:KNTK – Get Rating) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
KNTK has been the topic of several other research reports. US Capital Advisors upgraded shares of Kinetik from a “hold” rating to an “overweight” rating in a research report on Friday, March 11th. Credit Suisse Group initiated coverage on shares of Kinetik in a research note on Monday, February 28th. They set an “outperform” rating and a $72.00 price objective on the stock.
Shares of NASDAQ KNTK traded down $0.39 during midday trading on Monday, hitting $70.17. 60,980 shares of the company traded hands, compared to its average volume of 142,345. Kinetik has a 12-month low of $52.78 and a 12-month high of $91.00. The stock has a market capitalization of $3.46 billion, a P/E ratio of 13.68 and a beta of 3.28.
About Kinetik (Get Rating)
Kinetik Holdings Inc operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas.
- Get a free copy of the StockNews.com research report on Kinetik (KNTK)
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