Barclays initiated coverage of Kinetik Holdings with an Equal Weight rating and $40 price target. The company’s assets are well situated in the Delaware Basin against the backdrop of resilient production growth and elevated gas-to-oil ratios, the analyst tells investors in a research note. However, the firm think the positives are reflected in Kinetik’s valuation at current share levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNTK:
- Kinetik Holdings price target raised to $43 from $40 at JPMorgan
- Kinetik Holdings, Infinium reach CO2 utilization agreement
- Kinetik Enhances Liquidity and Governance for Market Positioning
- Tesla downgraded, Disney upgraded: Wall Street’s top analyst calls
- Kinetik Holdings initiated with an Outperform at RBC Capital