Kinetik (KNTK) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last twelve months. There are currently 7 hold ratings and 6 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.
View KNTK analyst ratings or view top-rated stocks.

13 brokers have issued twelve-month target prices for Kinetik's shares. Their KNTK share price targets range from $35.00 to $43.00. On average, they anticipate the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
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Kinetik's stock was trading at $33.40 at the start of the year. Since then, KNTK shares have increased by 15.2% and is now trading at $38.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KNTK earnings forecast.

Kinetik will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Kinetik Holdings Inc. (NASDAQ:KNTK) released its quarterly earnings data on Wednesday, February, 28th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $1.24. The firm had revenue of $348.87 million for the quarter, compared to analyst estimates of $301.49 million. Kinetik had a net margin of 28.57% and a negative trailing twelve-month return on equity of 49.32%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share.

Kinetik announced a quarterly dividend on Thursday, April 18th. Stockholders of record on Monday, April 29th will be given a dividend of $0.75 per share on Thursday, May 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date of this dividend is Friday, April 26th.
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 7.66%. KNTK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 132.74%. 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 132.16% 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 WBI BullBear Value 3000 ETF (WBIF), Amplify Natural Resources Dividend Income ETF (NDIV), Pacer American Energy Independence ETF (USAI), WBI BullBear Yield 3000 ETF (WBIG), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), WBI Power Factor High Dividend ETF (WBIY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and VanEck Energy Income ETF (EINC).

Kinetik shares split before market open on Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly issued 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (0.46%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.22%), Miller Howard Investments Inc. NY (0.05%), Raymond James Financial Services Advisors Inc. (0.04%), Graham Capital Wealth Management LLC (0.03%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Anne Psencik, Corp Apache, Jamie Welch, Matthew Wall, Todd Carpenter and Trevor Howard.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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