US Capital Advisors Weighs in on Kinetik Holdings Inc.’s Q1 2023 Earnings (NASDAQ:KNTK)

Kinetik Holdings Inc. (NASDAQ:KNTKGet Rating) – Investment analysts at US Capital Advisors issued their Q1 2023 earnings per share (EPS) estimates for Kinetik in a research report issued to clients and investors on Monday, April 25th. US Capital Advisors analyst J. Carreker anticipates that the company will earn $1.40 per share for the quarter. US Capital Advisors has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for Kinetik’s Q2 2023 earnings at $1.46 EPS, Q3 2023 earnings at $1.51 EPS, Q4 2023 earnings at $1.54 EPS and FY2024 earnings at $6.36 EPS.

KNTK has been the topic of a number of other reports. Credit Suisse Group assumed coverage on shares of Kinetik in a report on Monday, February 28th. They set an “outperform” rating and a $72.00 price target on the stock. Mizuho began coverage on shares of Kinetik in a research report on Monday, April 18th. They set a “buy” rating and a $76.00 price objective for the company.

KNTK stock opened at $68.68 on Wednesday. The company has a fifty day simple moving average of $67.85. The stock has a market cap of $3.38 billion, a P/E ratio of 13.39 and a beta of 3.28. Kinetik has a 12 month low of $57.08 and a 12 month high of $91.00.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Thursday, May 5th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend is Wednesday, May 4th. Kinetik’s dividend payout ratio (DPR) is presently 116.96%.

In other Kinetik news, major shareholder Corp Apache sold 4,000,000 shares of Kinetik stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $58.00, for a total transaction of $232,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is owned by insiders.

Kinetik Company Profile (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.

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