Kinetik (KNTK) Projected to Post Earnings on Wednesday

Kinetik (NASDAQ:KNTK) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Kinetik to post earnings of $0.45 per share and revenue of $434.63 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Kinetik Price Performance

Shares of NASDAQ KNTK opened at $61.05 on Wednesday. The stock has a market capitalization of $9.62 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.60 and a beta of 2.89. Kinetik has a 1-year low of $32.96 and a 1-year high of $67.60. The business has a fifty day moving average price of $60.75 and a 200 day moving average price of $53.20.

Kinetik Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KNTK. Scotiabank decreased their price objective on Kinetik from $64.00 to $62.00 and set a “sector outperform” rating for the company in a research note on Tuesday, January 21st. Mizuho upped their target price on Kinetik from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Kinetik from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group upped their target price on Kinetik from $46.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays upped their target price on Kinetik from $47.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.

About Kinetik

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.