What Kinetik (KNTK) Investors Need to Know

One of the losers of today's trading session was Kinetik. Shares of the Oil & gas transportation and processing company plunged -3.0%, and some investors may be wondering if its price of $33.27 would make a good entry point. Here's what you should know if you are considering this investment:

  • Kinetik has moved 4.8% over the last year, and the S&P 500 logged a change of 15.0%

  • KNTK has an average analyst rating of buy and is -15.24% away from its mean target price of $39.25 per share

  • Its trailing earnings per share (EPS) is $0.81

  • Kinetik has a trailing 12 month Price to Earnings (P/E) ratio of 41.1 while the S&P 500 average is 15.97

  • Its forward earnings per share (EPS) is $2.15 and its forward P/E ratio is 15.5

  • Kinetik is part of the Utilities sector, which has an average P/E ratio of 17.53 and an average P/B of 1.71

  • KNTK has reported YOY quarterly earnings growth of -79.9% and gross profit margins of 0.5%

  • The company has a free cash flow of $308375, which refers to the total sum of all its inflows and outflows of cash over the last quarter

  • Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. Kinetik Holdings Inc. was founded in 2017 and is based in Houston, Texas.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.