Kinetik (KNTK) Projected to Post Earnings on Wednesday

Kinetik (NASDAQ:KNTK) will likely be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $434.63 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Kinetik Stock Performance

Shares of KNTK stock opened at $61.05 on Wednesday. The firm has a market capitalization of $9.62 billion, a PE ratio of 22.53, a P/E/G ratio of 1.60 and a beta of 2.89. Kinetik has a fifty-two week low of $32.96 and a fifty-two week high of $67.60. The stock’s 50-day simple moving average is $60.75 and its 200-day simple moving average is $53.20.

Kinetik Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Monday, February 3rd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 5.11%. The ex-dividend date was Monday, February 3rd. Kinetik’s dividend payout ratio (DPR) is 115.13%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KNTK shares. The Goldman Sachs Group raised their target price on Kinetik from $46.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Citigroup raised their target price on Kinetik from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Barclays raised their target price on Kinetik from $47.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Mizuho raised their target price on Kinetik from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Scotiabank dropped their target price on Kinetik from $64.00 to $62.00 and set a “sector outperform” rating on the stock in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.25.

Kinetik Company Profile

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.