Searching For Real Value In Market Debris At Kinetik Holdings Inc (NYSE: KNTK)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, KNTK falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. The current market capitalization of Kinetik Holdings Inc is $2.35B. A total of 0.55 million shares were traded on the day, compared to an average of 649.19K 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Kinetik Holdings Inc pays an annual dividend of $3.00, resulting in a dividend yield of 7.62%, and it has a price to earnings (P/E) ratio of 17.44.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, KNTK has a high of $40.42 and a low of $28.82.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 3.85.

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