2 weeks Ago By Defense World Staff
Shares of Kinetik Holdings Inc. ( NASDAQ:KNTK – Get Free Report ) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.
The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.00. A number of equities analysts recently issued reports on the stock.
Barclays reiterated an “equal weight” rating and issued a $43.00 target price on shares of Kinetik in a research report on Wednesday, July 10th. Royal Bank of Canada increased their price objective on shares of Kinetik from $43.
00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, August 15th. Finally, Scotiabank boosted their target price on Kinetik from $42.
00 to $48.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 2nd. Read Our Latest Analysis on Kinetik Institutional Investors Weigh In On Kinetik Kinetik Trading Up 0.
3 % KNTK opened at $44.91 on Monday. The business’s 50 day moving average is $43.
36 and its 200-day moving average is $41.17. The stock has a market cap of $6.
90 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.52 and a beta of 2.
91. Kinetik has a twelve month low of $31.31 and a twelve month high of $47.
80. Kinetik ( NASDAQ:KNTK – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported $0.
54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11.
Kinetik had a negative return on equity of 48.16% and a net margin of 30.96%.
The firm had revenue of $359.50 million for the quarter, compared to the consensus estimate of $305.94 million.
During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 21.
4% on a year-over-year basis. As a group, analysts forecast that Kinetik will post 1.39 EPS for the current year.
Kinetik Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $0.75 dividend.
The ex-dividend date of this dividend was Monday, July 29th. This represents a $3.00 annualized dividend and a dividend yield of 6.
68%. Kinetik’s dividend payout ratio is currently 122.95%.
About Kinetik ( Get Free Report 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.
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