NASDAQ:KNTK

Kinetik (KNTK) Stock Price, News & Analysis

$39.15
+0.79 (+2.06%)
(As of 05/7/2024 ET)
Today's Range
$38.56
$39.56
50-Day Range
$33.61
$40.04
52-Week Range
$28.82
$40.42
Volume
751,452 shs
Average Volume
557,630 shs
Market Capitalization
$6.02 billion
P/E Ratio
17.32
Dividend Yield
7.66%
Price Target
$40.00

Kinetik MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.2% Upside
$40.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.83mentions of Kinetik in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$442.05 M Sold Last Quarter
Proj. Earnings Growth
38.79%
From $2.32 to $3.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.06 out of 5 stars

Oils/Energy Sector

199th out of 243 stocks

Natural Gas Transmission Industry

14th out of 19 stocks

KNTK stock logo

About Kinetik Stock (NASDAQ:KNTK)

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.

KNTK Stock Price History

KNTK Stock News Headlines

Kinetik (KNTK) to Release Quarterly Earnings on Wednesday
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Kinetik Holdings Inc. (KNTK)
KNTK Ex-Dividend Reminder
Kinetik Holdings Inc's Dividend Analysis
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RBC Capital Sticks to Their Buy Rating for Kinetik (KNTK)
Kinetik Holdings appoints new board member
Kinetik Announces Changes to Its Board of Directors
Jamie Welch Buys Handful Of Shares In Kinetik Holdings
See More Headlines
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Company Calendar

Ex-Dividend for 3/7 Dividend
2/21/2024
Last Earnings
2/28/2024
Dividend Payable
3/07/2024
Ex-Dividend for 5/9 Dividend
4/26/2024
Today
5/08/2024
Next Earnings (Confirmed)
5/08/2024
Dividend Payable
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Current Symbol
NASDAQ:KNTK
Fax
N/A
Employees
330
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$43.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+2.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$386.45 million
Pretax Margin
12.22%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$4.61 per share
Book Value
($3.51) per share

Miscellaneous

Free Float
147,953,000
Market Cap
$6.02 billion
Optionable
Optionable
Beta
2.81
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KNTK Stock Analysis - Frequently Asked Questions

Should I buy or sell Kinetik stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kinetik in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KNTK shares.
View KNTK analyst ratings
or view top-rated stocks.

What is Kinetik's stock price target for 2024?

12 Wall Street analysts have issued twelve-month price objectives for Kinetik's shares. Their KNTK share price targets range from $35.00 to $43.00. On average, they expect the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for KNTK
or view top-rated stocks among Wall Street analysts.

How have KNTK shares performed in 2024?

Kinetik's stock was trading at $33.40 at the beginning of 2024. Since then, KNTK stock has increased by 17.2% and is now trading at $39.15.
View the best growth stocks for 2024 here
.

When is Kinetik's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KNTK earnings forecast
.

How can I listen to Kinetik's earnings call?

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.

How were Kinetik's earnings last quarter?

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

How often does Kinetik pay dividends? What is the dividend yield for Kinetik?

Kinetik announced a quarterly dividend on Thursday, April 18th. Investors 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 annualized dividend and a yield of 7.66%. The ex-dividend date is Friday, April 26th.
Read our dividend analysis for KNTK
.

Is Kinetik a good dividend stock?

Kinetik (NASDAQ:KNTK) pays an annual dividend of $3.00 per share and currently has a dividend yield of 7.86%. 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 93.17% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KNTK.

When did Kinetik's stock split?

Kinetik shares split before market open on Thursday, June 9th 2022. The 2-1 split was announced on Thursday, June 9th 2022. The newly minted shares were distributed 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.

Who are Kinetik's major shareholders?

Kinetik's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (0.76%), Chickasaw Capital Management LLC (0.46%), Jennison Associates LLC (0.25%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.22%), Mirae Asset Global Investments Co. Ltd. (0.09%) and Russell Investments Group Ltd. (0.05%). Insiders that own company stock include Anne Psencik, Corp Apache, Jamie Welch, Matthew Wall, Todd Carpenter and Trevor Howard.
View institutional ownership trends
.

How do I buy shares of Kinetik?

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.

This page (NASDAQ:KNTK) was last updated on 5/8/2024 by MarketBeat.com Staff

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