KinetikKNTK
Market Cap: $2.64B
About: Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.
Employees: 330
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
641% more call options, than puts
Call options by funds: $7.71M | Put options by funds: $1.04M
82% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 49
10% more capital invested
Capital invested by funds: $1.92B [Q1] → $2.12B (+$196M) [Q2]
4.72% more ownership
Funds ownership: 80.78% [Q1] → 85.5% (+4.72%) [Q2]
1% more funds holding
Funds holding: 190 [Q1] → 192 (+2) [Q2]
6% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 31
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
RBC Capital Elvira Scotto 76% 1-year accuracy 13 / 17 met price target | 4%upside $46 | Outperform Maintained | 15 Aug 2024 |
Barclays Theresa Chen 41% 1-year accuracy 9 / 22 met price target | 3%downside $43 | Equal-Weight Reinstated | 10 Jul 2024 |
Scotiabank Tristan Richardson 57% 1-year accuracy 8 / 14 met price target | 9%upside $48 | Sector Outperform Maintained | 2 Jul 2024 |
Financial journalist opinion
Based on 4 articles about KNTK published over the past 30 days