The stock price of Kinetik Holdings Inc (NYSE: KNTK) has surged by 1.41 when compared to previous closing price of 38.96, but the company has seen a 3.46% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that KINETIK HLDGS (KNTK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Kinetik Holdings Inc (NYSE: KNTK) Right Now?
Kinetik Holdings Inc (NYSE: KNTK) has a higher price-to-earnings ratio of 16.23x compared to its average ratio. KNTK has 36-month beta value of 2.84. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KNTK is 37.39M, and currently, short sellers hold a 5.67% ratio of that float. The average trading volume of KNTK on May 10, 2024 was 658.19K shares.
KNTK’s Market Performance
KNTK’s stock has seen a 3.46% increase for the week, with a 0.48% rise in the past month and a 20.31% gain in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.28% for Kinetik Holdings Inc The simple moving average for the last 20 days is 2.00% for KNTK stock, with a simple moving average of 11.78% for the last 200 days.
Analysts’ Opinion of KNTK
Many brokerage firms have already submitted their reports for KNTK stocks, with Barclays repeating the rating for KNTK by listing it as a “Equal Weight.” The predicted price for KNTK in the upcoming period, according to Barclays is $40 based on the research report published on April 22, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see KNTK reach a price target of $40. The rating they have provided for KNTK stocks is “Outperform” according to the report published on March 25th, 2024.
JP Morgan gave a rating of “Overweight” to KNTK, setting the target price at $40 in the report published on March 08th of the current year.
KNTK Trading at 3.98% from the 50-Day Moving Average
After a stumble in the market that brought KNTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.25% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -0.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.31% upper at present.
During the last 5 trading sessions, KNTK rose by +2.02%, which changed the moving average for the period of 200-days by +7.92% in comparison to the 20-day moving average, which settled at $38.73. In addition, Kinetik Holdings Inc saw 18.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KNTK starting from Wall Matthew, who sale 5,750 shares at the price of $39.82 back on Mar 28 ’24. After this action, Wall Matthew now owns 530,066 shares of Kinetik Holdings Inc, valued at $228,965 using the latest closing price.
Carpenter Todd sale 2,500 shares at $39.82 during a trade that took place back on Mar 28 ’24, which means that Carpenter Todd is holding 271,162 shares at $99,550 based on the most recent closing price.
Stock Fundamentals for KNTK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.37 for the gross margin
The net margin for Kinetik Holdings Inc stands at 0.31. The total capital return value is set at 0.01.
Based on Kinetik Holdings Inc (KNTK), the company’s capital structure generated 1.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -6.78. The interest coverage ratio of the stock is 0.45.
Currently, EBITDA for the company is 655.47 million with net debt to EBITDA at 6.91. When we switch over and look at the enterprise to sales, we see a ratio of 4.75. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
To put it simply, Kinetik Holdings Inc (KNTK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
