- Investing.com
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. The company was founded in 2017 and is based in Houston, Texas.
Strategic Expansion | Kinetik's acquisition of Durango and focus on New Mexico projects, including Kings Landing complex, position the company for significant growth in midstream services |
Financial Balancing Act | Explore Kinetik's navigation of capital-intensive growth strategies while maintaining positive free cash flow projections and an attractive 5.53% dividend yield |
Market Momentum | Delve into Kinetik's impressive 82.2% year-to-date stock return and strengthening market position, particularly in the New Mexico region |
Analyst Outlook | RBC Capital Markets sets a $46.00 price target with an Outperform rating, reflecting confidence in Kinetik's expansion strategy and future prospects |
Metrics to compare | KNTK | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipKNTKPeersSector | |
---|---|---|---|---|
P/E Ratio | 12.8x | 13.5x | 4.8x | |
PEG Ratio | 0.06 | 0.25 | 0.00 | |
Price/Book | −6.0x | 1.2x | 1.1x | |
Price / LTM Sales | 7.1x | 1.5x | 1.1x | |
Upside (Analyst Target) | −11.0% | 6.9% | 26.2% | |
Fair Value Upside | Unlock | −7.2% | 8.2% | Unlock |