A share price of Kinetik Holdings Inc [KNTK] is currently trading at $36.99, up 0.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KNTK shares have gain 2.95% over the last week, with a monthly amount glided 11.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kinetik Holdings Inc [NYSE: KNTK] stock has seen the most recent analyst activity on March 08, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $40 from $38. Pickering Energy Partners started tracking the stock assigning a Neutral rating. Wells Fargo initiated its recommendation with a Equal Weight and recommended $38 as its price target on September 18, 2023. Citigroup downgraded its rating to Neutral for this stock on September 06, 2023, but kept the price target unchanged to $34. In a note dated June 12, 2023, Scotiabank upgraded an Sector Outperform rating on this stock and boosted its target price from $34 to $37.
Kinetik Holdings Inc experienced fluctuations in its stock price throughout the past year between $26.32 and $37.41. Currently, Wall Street analysts expect the stock to reach $36.7 within the next 12 months. Kinetik Holdings Inc [NYSE: KNTK] shares were valued at $36.99 at the most recent close of the market. An investor can expect a potential drop of -0.78% based on the average KNTK price forecast.
Analyzing the KNTK fundamentals
Trailing Twelve Months sales for Kinetik Holdings Inc [NYSE:KNTK] were 1.26B which represents 21.85% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.53 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.41 points at the first support level, and at 35.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.73, and for the 2nd resistance point, it is at 38.46.
Kinetik Holdings Inc [KNTK] reported earnings per share of $1.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of $1.23 and a surprise factor of 261.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.58 per share, a difference of -$0.37 representing a surprise of -63.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kinetik Holdings Inc [NYSE:KNTK] is 1.03. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.75 and price to earnings (TTM) ratio is 16.39.
Transactions by insiders
Recent insider trading involved Welch Jamie, that happened on Mar 18 ’24 when 14814.0 shares were purchased., Howard Trevor completed a deal on Mar 12 ’24 to sell 1664.0 shares. Meanwhile, Wall Matthew sold 3185.0 shares on Mar 11 ’24.
