Kinetik (KNTK) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last year. 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.
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13 analysts have issued twelve-month target prices for Kinetik's stock. Their KNTK share price targets range from $35.00 to $43.00. On average, they expect the company's stock price to reach $39.67 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
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Kinetik's stock was trading at $33.40 at the beginning of the year. Since then, KNTK shares have increased by 14.5% and is now trading at $38.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our KNTK earnings forecast.

Kinetik Holdings Inc. (NASDAQ:KNTK) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $1.24. The business had revenue of $348.87 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS.

Kinetik announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.75 per share on Thursday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Wednesday, February 21st.
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 7.80%. 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 132.74% 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), USCF Midstream Energy Income Fund (UMI) and Global X SuperDividend ETF (SDIV).

Kinetik's stock split on the morning of Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly created 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 stock is owned by a number of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (0.46%) and Miller Howard Investments Inc. NY (0.05%). 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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