The Street Is Finally Waking Up To Kinetik Holdings Inc (NYSE: KNTK)

After Hours

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.

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Stocks Info

Kinetik Holdings Inc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. The current market capitalization of Kinetik Holdings Inc is $2.88B. A total of 0.51 million shares were traded on the day, compared to an average of 489.73K 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, Psencik Anne sold 12,000 shares at $37.00 per share on Mar 18 ’24. Company shares held by the insider now total 254,447.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kinetik Holdings Inc pays an annual dividend of $3.00, resulting in a dividend yield of 6.23%, and it has a price to earnings (P/E) ratio of 18.73.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, KNTK has a high of $48.69 and a low of $31.73.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 -$20.20, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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