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Kinetik (KNTK)
NYSE:KNTK
Kinetik (KNTK) Stock Price & Analysis
260 Followers
KNTK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.17 - $39.77
Previous Close$38.23
Volume338.17K
Average Volume (3M)641.31K
Market Cap
$5.82B
Enterprise Value$12.63B
Total Cash (Recent Filing)$4.51M
Total Debt (Recent Filing)$3.60B
Price to Earnings (P/E)20.5
Beta0.62
Next Earnings
May 08, 2024EPS Estimate
$0.43Last Dividend Ex-Date
Apr 26, 2024Dividend Yield7.85%
Share Statistics
EPS (TTM)2.26
Shares Outstanding151,206,154
10 Day Avg. Volume474,292
30 Day Avg. Volume641,314
Standard Deviation0.42
R-Squared0.13
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)-5.08
Price to Sales (P/S)1.74
Price to Cash Flow (P/CF)8.00
P/FCF Ratio7.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.97
Enterprise Value/Gross Profit16.57
Enterprise Value/Ebitda29.15
Forecast
1Y Price Target
$40.29Price Target Upside5.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Kinetik News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceKNTK's balance sheet outlook is improving with modest capital expenditure needs and no dividend reinvestment program overhang.
Growth PotentialThe analyst has raised the price target for KNTK based on a blend of discounted cash flow and EV/EBITDA valuation methods, reflecting strong growth prospects and downstream integration advantages.
Strategic PositioningKNTK's midstream logistics and pipeline transportation segments are expected to contribute significantly to EBITDA, with pipeline expansion driving quarter-over-quarter growth.
Bears Say
Dividend ConcernsThe overhang of potential dilution should decrease with the expiration of KNTK's PIK dividend program; however, there is a high likelihood KNTK will undertake another quarter of PIK dividend payment for 4Q23, introducing more dilution than originally anticipated.
Financial PerformanceKNTK's 2024 outlook came in below forecast, prompting analysts to reduce the price target by $1/share to $37/share and lower the 2024/2025 EBITDA estimates.
Operational IssuesModest headwinds from Alpine High shut-ins and processing plant maintenance are expected to impact operations; additionally, plant maintenance and gas curtailments are likely to affect Q1 performance.
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Ownership Overview
36.49% Insiders
10.76% Mutual Funds
14.51% Other Institutional Investors
38.24% 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 $24.17 and its highest was $39.77 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 May 08, 2024 which is today.
How were Kinetik’s earnings last quarter?
Kinetik released its earnings results on Feb 28, 2024. The company reported $1.7 earnings per share for the quarter, beating the consensus estimate of $0.471 by $1.229.
Is Kinetik overvalued?
According to Wall Street analysts Kinetik’s price is currently Undervalued.
Does Kinetik pay dividends?
Kinetik pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 7.85%. See more information on Kinetik dividends here
What is Kinetik’s EPS estimate?
Kinetik’s EPS estimate is $0.43.
How many shares outstanding does Kinetik have?
Kinetik has 59,712,486 shares outstanding.
What happened to Kinetik’s price movement after its last earnings report?
Kinetik reported an EPS of $1.7 in its last earnings report, beating expectations of $0.471. Following the earnings report the stock price went up 5.065%.
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 350M.
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Kinetik Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$40.29 (5.50% Upside)
$40.29 (5.50% Upside)
Blogger Sentiment
Bullish
KNTK Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $442.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 13.8%
Last 30 Days ▲ 13.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
44.64%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
9.64%
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
Q4 2024
0:00 / 0:00
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KNTK Stock 12 Month Forecast
Average Price Target
$40.29
▲(5.50% Upside)
Technical Analysis
Best Analysts Covering KNTK
1 Year
1 Year Success Rate
6/6 ratings generated profit
1 Year Average Return
+15.53%
reiterated a buy rating 2 months 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 +15.53% per trade.
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