Kinetik Holdings Inc (NYSE: KNTK) is -28.87% lower on its value in year-to-date trading and has touched a low of $37.85 and a high of $67.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KNTK stock was last observed hovering at around $40.50 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $40.34, the stock is -4.62% and -16.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.40% at the moment leaves the stock -21.51% off its SMA200. KNTK registered 5.63% gain for a year compared to 6-month loss of -15.54%.
The stock witnessed a -7.48% gain in the last 1 month and extending the period to 3 months gives it a -37.44%, and is -2.42% 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 3.38% over the week and 4.74% over the month.
Kinetik Holdings Inc (KNTK) has around 460 employees, a market worth around $6.40B and $1.53B in sales. Current P/E ratio is 39.71 and Fwd P/E is 17.12. Profit margin for the company is 3.98%. Distance from 52-week low is 6.58% and -40.33% from its 52-week high. The company has generated returns on investments over the last 12 months (15.31%).
The EPS is expected to grow by 83.92% this year
The shares outstanding are 59.93M, and float is at 39.18M with Short Float at 9.79%.
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 ISQ Global Fund II GP LLC, the company’s 10% Owner. SEC filings show that ISQ Global Fund II GP LLC sold 1,044,519 shares of the company’s common stock on Mar 17 ’25 at a price of $52.66 per share for a total of $55.0 million. Following the sale, the insider now owns 0.66 million shares.
Kinetik Holdings Inc disclosed in a document filed with the SEC on Mar 18 ’25 that ISQ Global Fund II GP LLC (10% Owner) sold a total of 657,582 shares of the company’s common stock. The trade occurred on Mar 18 ’25 and was made at $52.66 per share for $34.63 million. Following the transaction, the insider now directly holds 1.0 shares of the KNTK stock.
Still, SEC filings show that on Mar 17 ’25, ISQ Global Fund II GP LLC (10% Owner) Proposed Sale 1,702,101 shares at an average price of $54.01 for $91.93 million. The insider now directly holds shares of Kinetik Holdings Inc (KNTK).
