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Kinetik (KNTK)
NYSE:KNTK
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KNTK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.31 - $47.41
Previous Close$45.85
Volume358.63K
Average Volume (3M)493.57K
Market Cap
$7.22B
Enterprise Value$14.95B
Total Cash (Recent Filing)$12.55M
Total Debt (Recent Filing)$3.46B
Price to Earnings (P/E)17.9
Beta0.51
Next Earnings
Nov 06, 2024EPS Estimate
$0.4Last Dividend Ex-Date
Jul 29, 2024Dividend Yield6.54%
Share Statistics
EPS (TTM)2.57
Shares Outstanding157,518,898
10 Day Avg. Volume448,087
30 Day Avg. Volume493,575
Standard Deviation0.42
R-Squared0.13
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-5.99
Price to Sales (P/S)5.24
Price to Cash Flow (P/CF)14.40
P/FCF Ratio18.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.84
Enterprise Value/Gross Profit32.53
Enterprise Value/Ebitda19.85
Forecast
1Y Price Target
$45.00Price Target Upside-2.68% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Kinetik News
PremiumCompany Announcements
Kinetik Expands Portfolio with Strategic Durango Permian AcquisitionBulls Say, Bears Say
Bulls Say
Acquisition BenefitsThe 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.
Growth ProjectionsPotential double-digit EBITDA growth through 2027 supports management's view.
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
Capital ExpenditureHigher capex modestly lowers the nearer-term free cash flow outlook.
Inlet FlowsDepressed inlet flows into KNTK's facilities are expected due to recent production curtailments as Waha prices were negative during portions of 2Q.
Volume CurtailmentsQ2 volumes were negatively impacted by volume curtailments of ~140 MMcf/d due to low Waha pricing.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
KNTK FAQ
What was Kinetik’s price range in the past 12 months?
Kinetik lowest stock price was $31.31 and its highest was $47.41 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 Nov 06, 2024 which is in 47 days.
How were Kinetik’s earnings last quarter?
Kinetik released its earnings results on Aug 07, 2024. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.414 by $0.126.
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 6.54%. See more information on Kinetik dividends here
What is Kinetik’s EPS estimate?
Kinetik’s EPS estimate is $0.4.
How many shares outstanding does Kinetik have?
Kinetik has 59,735,863 shares outstanding.
What happened to Kinetik’s price movement after its last earnings report?
Kinetik reported an EPS of $0.54 in its last earnings report, beating expectations of $0.414. Following the earnings report the stock price went up 2.832%.
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 494M.
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Kinetik Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$45.00 (-2.68% Downside)
$45.00 (-2.68% Downside)
Blogger Sentiment
Bullish
KNTK Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 27.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.88%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
10.17%
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
Q2 2024
0:00 / 0:00
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KNTK Stock 12 Month Forecast
Average Price Target
$45.00
▼(-2.68% Downside)
Technical Analysis
Best Analysts Covering KNTK
1 Year
1 Year Success Rate
9/9 ratings generated profit
1 Year Average Return
+29.14%
reiterated a buy rating last month
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 +29.14% per trade.
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