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 7,139 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
214% more call options, than puts
Call options by funds: $8.33M | Put options by funds: $2.65M
181% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 26
67% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 5 (+2) [Q4]
27% more capital invested
Capital invested by funds: $2.31B [Q3] → $2.92B (+$611M) [Q4]
18% more funds holding
Funds holding: 229 [Q3] → 271 (+42) [Q4]
15% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 79
0.82% more ownership
Funds ownership: 85.31% [Q3] → 86.13% (+0.82%) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$58
2%
downside
Avg. target
$61
4%
upside
High target
$65
10%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Scotiabank Brandon Bingham 25% 1-year accuracy 1 / 4 met price target | 5%upside $62 | Sector Outperform Maintained | 21 Jan 2025 |
JP Morgan Jeremy Tonet 90% 1-year accuracy 27 / 30 met price target | 10%upside $65 | Overweight Maintained | 15 Jan 2025 |
Barclays Theresa Chen 46% 1-year accuracy 12 / 26 met price target | 3%upside $61 | Equal-Weight Maintained | 13 Jan 2025 |
Goldman Sachs John Mackay 78% 1-year accuracy 18 / 23 met price target | 3%upside $61 | Buy Maintained | 19 Dec 2024 |
Wells Fargo Michael Blum 75% 1-year accuracy 27 / 36 met price target | 2%upside $60 | Equal-Weight Maintained | 18 Dec 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Kinetik Announces Fourth Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis, for the fourth quarter ended December 31, 2024. The announced quarterly dividend will be paid on Wednesday, February 12, 2025 to shareholders of record as of market close on Monday, February 3, 2025. Kinetik will host its fourth quarter 2024 results conference call on Thursday, February 27, 2025 at.
Positive
Investors Business Daily
1 month 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
1 month 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
2 months 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
2 months 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
3 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
3 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
3 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
3 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
3 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.
Charts implemented using Lightweight Charts™