On Monday, Kinetik Holdings Inc (NYSE: KNTK) opened lower -4.01% from the last session, before settling in for the closing price of $61.65. Price fluctuations for KNTK have ranged from $31.73 to $62.55 over the past 52 weeks.
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Annual sales at Energy sector company grew by 103.78% over the past five years. Company’s average yearly earnings per share was noted -30.01% at the time writing. With a float of $33.58 million, this company’s outstanding shares have now reached $57.10 million.
Let’s look at the performance matrix of the company that is accounted for 330 employees. In terms of profitability, gross margin is 31.56%, operating margin of 16.52%, and the pretax margin is 19.14%.
Kinetik Holdings Inc (KNTK) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Kinetik Holdings Inc is 43.80%, while institutional ownership is 59.29%. The most recent insider transaction that took place on Mar 28 ’24, was worth 228,965. In this transaction an insider of this company sold 5,750 shares at a rate of $39.82, taking the stock ownership to the 530,066 shares. Before that another transaction happened on Mar 28 ’24, when Company’s insider sold 2,500 for $39.82, making the entire transaction worth $99,550. This insider now owns 271,162 shares in total.
Kinetik Holdings Inc (KNTK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.88 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.63) by 1.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.01% per share during the next fiscal year.
Kinetik Holdings Inc (NYSE: KNTK) Trading Performance Indicators
Check out the current performance indicators for Kinetik Holdings Inc (KNTK). In the past quarter, the stock posted a quick ratio of 0.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.19. Likewise, its price to free cash flow for the trailing twelve months is 21.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.71, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 2.44 in one year’s time.
Technical Analysis of Kinetik Holdings Inc (KNTK)
Kinetik Holdings Inc (NYSE: KNTK) saw its 5-day average volume 0.59 million, a positive change from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 77.23%. Additionally, its Average True Range was 1.60.
During the past 100 days, Kinetik Holdings Inc’s (KNTK) raw stochastic average was set at 86.36%, which indicates a significant increase from 68.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.98% in the past 14 days, which was higher than the 32.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.02, while its 200-day Moving Average is $42.66. Nevertheless, the first resistance level for the watch stands at $61.08 in the near term. At $62.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $64.14. If the price goes on to break the first support level at $58.02, it is likely to go to the next support level at $56.87. Assuming the price breaks the second support level, the third support level stands at $54.96.
Kinetik Holdings Inc (NYSE: KNTK) Key Stats
There are currently 157,537K shares outstanding in the company with a market cap of 9.25 billion. Presently, the company’s annual sales total 1,256 M according to its annual income of 386,450 K. Last quarter, the company’s sales amounted to 396,360 K and its income totaled 83,650 K.
