Kinetik Holdings Inc (NYSE: KNTK) is 13.61% higher on its value in year-to-date trading and has touched a low of $31.73 and a high of $67.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KNTK stock was last observed hovering at around $65.79 in the last trading session, with the day’s loss setting it -1.36%.
Currently trading at $64.43, the stock is 2.73% and 7.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -2.07% at the moment leaves the stock 34.91% off its SMA200. KNTK registered 92.16% gain for a year compared to 6-month gain of 55.33%. The firm has a 50-day simple moving average (SMA 50) of $59.7442 and a 200-day simple moving average (SMA200) of $47.7586.
The stock witnessed a 13.83% loss in the last 1 month and extending the period to 3 months gives it a 31.81%, and is -2.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.20% over the week and 3.11% over the month.
Kinetik Holdings Inc (KNTK) has around 330 employees, a market worth around $10.15B and $1.50B in sales. Current P/E ratio is 23.78 and Fwd P/E is 30.40. Profit margin for the company is 10.41%. Distance from 52-week low is 103.06% and -4.69% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).
with sales reaching $432.13M over the same period.The EPS is expected to shrink by -35.83% this year, but quarterly earnings will post 20.08% year-over-year. Quarterly sales are estimated to grow 23.87% in year-over-year returns.
Kinetik Holdings Inc (KNTK) Top Institutional Holders
329.0 institutions hold shares in Kinetik Holdings Inc (KNTK), with institutional investors hold 104.04% of the company’s shares. The shares outstanding are 59.75M, and float is at 33.55M with Short Float at 8.23%. Institutions hold 86.32% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 11.92 million shares valued at $493.89 million. The investor’s holdings represent 19.9328% of the KNTK Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 4.13 million shares valued at $171.33 million to account for 6.9148 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.9 million shares representing 6.5286% and valued at over $161.77 million, while BLACKROCK INC. holds 5.8455 of the shares totaling 3.5 million with a market value of $144.84 million.
Kinetik Holdings Inc (KNTK) Insider Activity
The most recent transaction is an insider sale by Wall Matthew. SEC filings show that Wall Matthew sold 5,750 shares of the company’s common stock on Mar 28 ’24 at a price of $39.82 per share for a total of $0.23 million. Following the sale, the insider now owns 0.53 million shares.
Kinetik Holdings Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Carpenter Toddsold a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $39.82 per share for $99550.0. Following the transaction, the insider now directly holds 0.27 million shares of the KNTK stock.
Still, SEC filings show that on Mar 22 ’24, Howard Trevor disposed off 7,000 shares at an average price of $37.62 for $0.26 million. The insider now directly holds 198,411 shares of Kinetik Holdings Inc (KNTK).
