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Kinetik (KNTK)
NYSE:KNTK
Kinetik (KNTK) Stock Price & Analysis
271 Followers
KNTK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.38 - $45.17
Previous Close$45.04
Volume575.37K
Average Volume (3M)466.25K
Market Cap
$6.92B
Enterprise Value$14.08B
Total Cash (Recent Filing)$9.76M
Total Debt (Recent Filing)$3.55B
Price to Earnings (P/E)18.5
Beta0.62
Next Earnings
Aug 07, 2024EPS Estimate
$0.41Next Dividend Ex-Date
Jul 29, 2024Dividend Yield6.66%
Share Statistics
EPS (TTM)2.44
Shares Outstanding153,658,073
10 Day Avg. Volume377,548
30 Day Avg. Volume466,247
Standard Deviation0.42
R-Squared0.12
Alpha0.00731
Financial Highlights & Ratios
Price to Book (P/B)-3.97
Price to Sales (P/S)1.89
Price to Cash Flow (P/CF)10.00
P/FCF Ratio15.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.62
Enterprise Value/Gross Profit30.63
Enterprise Value/Ebitda21.15
Forecast
1Y Price Target
$43.57Price Target Upside-3.26% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Kinetik News
PremiumCompany Announcements
Kinetik Expands Portfolio with Strategic Durango Permian Acquisition
PremiumCompany Announcements
Kinetik Holdings Finalizes Gulf Coast Express Stake Sale
PremiumCompany Announcements
Kinetik Holdings Reshapes Energy Portfolio with Strategic DealsBulls Say, Bears Say
Bulls Say
Acquisition ImpactThe Durango acquisition gives KNTK more control of undedicated upstream NGL barrels - a differentiator that should boost its investment case in a sector that has seen a lot of consolidation.
Financial PerformanceThe price target is being raised to $40/share to reflect a higher EBITDA forecast driven by the Durango acquisition.
Strategic TransactionsKNTK's recently announced strategic transactions simplify its business profile, accelerate its deleveraging outlook, and provide greater scale in the Northern Delaware as well as a clearer strategic message.
Bears Say
Dividend ImpactProgress will likely slow with the return of full cash dividends - a dynamic to watch near-term.
Operational PerformanceGas processing volumes were relatively in line with estimates though slightly down QoQ on Alpine High shut-ins offset by better pipeline project contributions.
Production CurtailmentsDepressed inlet flows into KNTK's facilities are expected due to recent production curtailments as Waha prices were negative during portions of 2Q.
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Ownership Overview
36.52% Insiders
15.96% Mutual Funds
15.42% Other Institutional Investors
32.09% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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KNTK FAQ
What was Kinetik’s price range in the past 12 months?
Kinetik lowest stock price was $29.38 and its highest was $45.17 in the past 12 months.
What is Kinetik’s market cap?
Currently, no data Available
When is Kinetik’s upcoming earnings report date?
Kinetik’s upcoming earnings report date is Aug 07, 2024 which is in 17 days.
How were Kinetik’s earnings last quarter?
Kinetik released its earnings results on May 08, 2024. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.431 by -$0.311.
Is Kinetik overvalued?
According to Wall Street analysts Kinetik’s price is currently Overvalued.
Does Kinetik pay dividends?
Kinetik pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 6.66%. See more information on Kinetik dividends here
What is Kinetik’s EPS estimate?
Kinetik’s EPS estimate is $0.41.
How many shares outstanding does Kinetik have?
Kinetik has 59,715,286 shares outstanding.
What happened to Kinetik’s price movement after its last earnings report?
Kinetik reported an EPS of $0.12 in its last earnings report, missing expectations of $0.431. Following the earnings report the stock price went down -1.041%.
Which hedge fund is a major shareholder of Kinetik?
Among the largest hedge funds holding Kinetik’s share is Blackstone Inc.. It holds Kinetik’s shares valued at 475M.
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Kinetik Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$43.57 (-3.26% Downside)
$43.57 (-3.26% Downside)
Blogger Sentiment
Bullish
KNTK Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 1.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.8%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
36.94%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
5.27%
Trailing 12-Months
Company Description
Kinetik
Altus Midstream Co. engages in the ownership of gas gathering, processing, and transmission assets. It focuses on the Permian Basin of West Texas. The company was founded on December 12, 2016 and is headquartered in Houston, TX.
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KNTK Company Deck
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KNTK Earnings Call
Q1 2024
0:00 / 0:00
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KNTK Stock 12 Month Forecast
Average Price Target
$43.57
▼(-3.26% Downside)
Technical Analysis
Best Analysts Covering KNTK
1 Year
1 Year Success Rate
8/8 ratings generated profit
1 Year Average Return
+27.63%
reiterated a buy rating 20 days ago
Copying Tristan Richardson's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +27.63% per trade.
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