KinetikKNTK
KNTK
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 13
164% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $4.35M
35% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 65
19% more funds holding
Funds holding: 192 [Q2] → 228 (+36) [Q3]
1% more capital invested
Capital invested by funds: $2.29B [Q2] → $2.31B (+$15.5M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
7.28% less ownership
Funds ownership: 92.59% [Q2] → 85.31% (-7.28%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
17%
downside
Avg. target
$60
9%
downside
High target
$65
2%
downside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
Scotiabank Brandon Bingham 67% 1-year accuracy 2 / 3 met price target | 7%downside $62 | Sector Outperform Maintained | 21 Jan 2025 |
JP Morgan Jeremy Tonet 77% 1-year accuracy 23 / 30 met price target | 2%downside $65 | Overweight Maintained | 15 Jan 2025 |
Barclays Theresa Chen 50% 1-year accuracy 14 / 28 met price target | 8%downside $61 | Equal-Weight Maintained | 13 Jan 2025 |
Goldman Sachs John Mackay 78% 1-year accuracy 18 / 23 met price target | 8%downside $61 | Buy Maintained | 19 Dec 2024 |
Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target | 10%downside $60 | Equal-Weight Maintained | 18 Dec 2024 |
Financial journalist opinion
Positive
Investors Business Daily
2 weeks ago
Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly
Meta Platforms leads five stocks flashing entries as they rebound above key moving averages within consolidations. The post Meta Stock, Energy Plays Lead Five Leaders Rebounding Bullishly appeared first on Investor's Business Daily.
Positive
Investors Business Daily
2 weeks ago
Energy Play Kinetik Flashes Early Entry As Oil Prices Climb
Oil prices climbed Thursday, propelling Kinetik Holdings past an early entry opportunity. Energy stocks cleared key levels.
Neutral
Business Wire
1 month ago
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the “Assets”) primarily located in Reeves County, Texas for $180 million of cash consideration (the “Transaction”). The Transaction provides a multi-stream opportunity for.
Neutral
Business Wire
1 month ago
Permian Resources Announces Divestiture of Midstream Gathering Systems
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently p.
Positive
Zacks Investment Research
2 months ago
Kinetik Holdings Inc. (KNTK) is a Great Momentum Stock: Should You Buy?
Does Kinetik Holdings Inc. (KNTK) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
2 months ago
Earnings Estimates Moving Higher for KINETIK HLDGS (KNTK): Time to Buy?
KINETIK HLDGS (KNTK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Neutral
Seeking Alpha
2 months ago
Kinetik Holdings: An Overvalued Rapidly Growing Midstream Idea
Kinetik's stock price has surged into expensive territory. Higher stock prices incentivize conversion of privately held stock. Despite a 4% dividend increase and rapid earnings growth, the stock's current valuation appears stretched.
Neutral
Seeking Alpha
2 months ago
Kinetik Holdings Inc. (KNTK) Q3 2024 Earnings Call Transcript
Kinetik Holdings Inc. (NYSE:KNTK ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Alex Durkee – Investor Relations Jamie Welch – President and Chief Executive Officer Trevor Howard – Chief Financial Officer Kris Kindrick – Senior Vice President, Commercial Conference Call Participants Neel Mitra – Bank of America Michael Blum – Wells Fargo Jackie Koletas – Goldman Sachs Burke Sansiviero – Wolfe Research Eli Jossen – JP Morgan Operator Good morning. Thank you for attending today's Kinetik Third Quarter 2024 Results Conference Call.
Negative
Zacks Investment Research
2 months ago
Kinetik Holdings Inc. (KNTK) Misses Q3 Earnings Estimates
Kinetik Holdings Inc. (KNTK) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.21 per share a year ago.
Neutral
Business Wire
2 months ago
Kinetik Reports Record Third Quarter 2024 Financial and Operating Results and Again Increases Full-Year 2024 Adjusted EBITDA Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Results and Commentary For the three and nine months ended September 30, 2024, Kinetik reported net income including noncontrolling interest of $83.7 million and $228.0 million, respectively. Kinetik generated Adjusted EBITDA1 of $265.7 million and $733.6 million, Distributable Cash Flow1 of $184.
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