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Kinetik Holdings Inc (NYSE: KNTK) closed the day trading at $59.16 down -0.03% from the previous closing price of $59.18. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 0.64 million shares were traded. KNTK stock price reached its highest trading level at $60.0 during the session, while it also had its lowest trading level at $58.37.
Ratios:
For a better understanding of KNTK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 455.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.54. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.72.
On April 22, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $40.
On March 25, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $40.RBC Capital Mkts initiated its Outperform rating on March 25, 2024, with a $40 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when Wall Matthew sold 5,750 shares for $39.82 per share. The transaction valued at 228,965 led to the insider holds 530,066 shares of the business.
Carpenter Todd sold 2,500 shares of KNTK for $99,550 on Mar 28 ’24. The insider now owns 271,162 shares after completing the transaction at $39.82 per share. On Mar 22 ’24, another insider, Howard Trevor, who serves as the insider of the company, sold 7,000 shares for $37.62 each. As a result, the insider received 263,340 and left with 198,411 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KNTK now has a Market Capitalization of 3535064320 and an Enterprise Value of 11769935872. As of this moment, Kinetik’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.84, and their Forward P/E ratio for the next fiscal year is 24.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.23. Its current Enterprise Value per Revenue stands at 8.139 whereas that against EBITDA is 22.126.
Stock Price History:
Over the past 52 weeks, KNTK has reached a high of $62.55, while it has fallen to a 52-week low of $31.73. The 50-Day Moving Average of the stock is 15.36%, while the 200-Day Moving Average is calculated to be 38.27%.
Shares Statistics:
Over the past 3-months, KNTK traded about 487.04K shares per day on average, while over the past 10 days, KNTK traded about 549660 shares per day. A total of 57.10M shares are outstanding, with a floating share count of 33.58M. Insiders hold about 43.80% of the company’s shares, while institutions hold 59.29% stake in the company. Shares short for KNTK as of 1731628800 were 2541066 with a Short Ratio of 5.06, compared to 1728950400 on 2452441. Therefore, it implies a Short% of Shares Outstanding of 2541066 and a Short% of Float of 6.69.
Dividends & Splits
KNTK’s forward annual dividend rate is 3.03, up from 3.03 a year ago. Against a Trailing Annual Dividend Yield of 0.05119973
