In the past week, KNTK stock has gone down by -3.16%, with a monthly gain of 3.92% and a quarterly surge of 8.72%. The volatility ratio for the week is 2.62%, and the volatility levels for the last 30 days are 2.54% for Kinetik Holdings Inc The simple moving average for the past 20 days is -0.25% for KNTK’s stock, with a 15.83% simple moving average for the past 200 days.
Is It Worth Investing in Kinetik Holdings Inc (NYSE: KNTK) Right Now?
The price-to-earnings ratio for Kinetik Holdings Inc (NYSE: KNTK) is above average at 17.42x, Company’s 36-month beta value is 2.91.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for KNTK is 33.58M, and currently, short sellers hold a 6.77% ratio of that floaft. The average trading volume of KNTK on September 27, 2024 was 494.98K shares.
KNTK) stock’s latest price update
Kinetik Holdings Inc (NYSE: KNTK)’s stock price has dropped by -5.15 in relation to previous closing price of 47.21. Nevertheless, the company has seen a loss of -3.16% in its stock price over the last five trading days. zacks.com reported 2024-09-25 that FANG and Kinetik Holdings’ partnership with EPIC Midstream enhances crude oil transportation efficiency and financial stability from the Permian Basin.
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 $43 based on the research report published on July 10, 2024 of the current year 2024.
Barclays, 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 “Equal Weight” according to the report published on April 22nd, 2024.
RBC Capital Mkts gave a rating of “Outperform” to KNTK, setting the target price at $40 in the report published on March 25th of the current year.
KNTK Trading at 3.32% 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 -6.32% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.44% upper at present.
During the last 5 trading sessions, KNTK fell by -3.16%, which changed the moving average for the period of 200-days by +29.05% in comparison to the 20-day moving average, which settled at $45.01. In addition, Kinetik Holdings Inc saw 34.07% 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, the of Kinetik Holdings Inc, 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:
- 0.15 for the present operating margin
- 0.34 for the gross margin
The net margin for Kinetik Holdings Inc stands at 0.27. The total capital return value is set at 0.03.
Based on Kinetik Holdings Inc (KNTK), the company’s capital structure generated 1.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at -2.85. The interest coverage ratio of the stock is 0.97.
Currently, EBITDA for the company is 655.47 million with net debt to EBITDA at 5.13. When we switch over and look at the enterprise to sales, we see a ratio of 4.35. The receivables turnover for the company is 5.78for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In a nutshell, Kinetik Holdings Inc (KNTK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
