Kinetik Holdings Inc (NYSE: KNTK): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Kinetik Announces Pricing of Secondary Offering of Common Stock.

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Stocks Info

KNTK belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. The current market capitalization of Kinetik Holdings Inc is $2.38B. A total of 0.74 million shares were traded on the day, compared to an average of 570.35K shares.

In the most recent transaction, Wall Matthew sold 5,750 shares of KNTK for 39.82 per share on Mar 28 ’24. After the transaction, the insider now owns 530,066 company shares. In a previous transaction on Mar 28 ’24, Carpenter Todd sold 2,500 shares at 39.82 per share. KNTK shares that the insider owns now total 271,162.

Among the insiders who sold shares, Howard Trevor disposed of 7,000 shares on Mar 22 ’24 at a per-share price of $37.62. This resulted in the insider holding 198,411 shares of KNTK after the transaction. In another insider transaction, Welch Jamie bought 14,814 shares at $33.75 per share on Mar 18 ’24. Company shares held by the insider now total 3,599,225.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Kinetik Holdings Inc pays an annual dividend of $3.00, resulting in a dividend yield of 7.52%, and it has a price to earnings (P/E) ratio of 17.67.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, KNTK has a high of $39.42 and a low of $26.32.

As of this writing, KNTK has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.2. The company reported an EPS of $0.21 in the last quarter, which was -63.80% lower than expectations of $0.58.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KNTK’s latest balance sheet shows that the firm has $18.73M in Cash & Short Term Investments as of fiscal 2021. There were $2.37B in debt and $240.93M in liabilities at the time. Its Book Value Per Share was -$9.30, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KNTK is Buy with a score of 3.92.

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