Barclays initiated coverage on Kinetik with a new price target
$KNTK
Natural Gas Distribution
Utilities
Barclays initiated coverage of Kinetik with a rating of Equal Weight and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/10/2024 | $43.00 | Equal Weight | Barclays |
| 4/22/2024 | $40.00 | Equal Weight | Barclays |
| 3/25/2024 | $40.00 | Outperform | RBC Capital Mkts |
| 3/8/2024 | $38.00 → $40.00 | Neutral → Overweight | JP Morgan |
| 12/19/2023 | $35.00 | Neutral | Citigroup |
| 10/6/2023 | $39.00 | Buy | Goldman |
| 10/3/2023 | Neutral | Pickering Energy Partners | |
| 9/18/2023 | $38.00 | Equal Weight | Wells Fargo |
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
8-K - Kinetik Holdings Inc. (0001692787) (Filer)
8-K/A - Kinetik Holdings Inc. (0001692787) (Filer)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G/A - Kinetik Holdings Inc. (0001692787) (Subject)
SC 13G - Kinetik Holdings Inc. (0001692787) (Subject)
Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-year Raising the Company's 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 million Increased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividend Acquired an additional equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), bringing the Company's ownership interest to 27.5%, in a series of transactions with Diamondback Energy tha
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024. The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024. "The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company's outlook," sa
Generated second quarter net income of $108.9 million, representing a 52% increase year-over-year, and Adjusted EBITDA1 of $234.4 million, a 13% increase in Adjusted EBITDA1 year-over-year Revised 2024 Adjusted EBITDA1 Guidance of $940 million to $980 million and 2024 Capital Expenditures2 Guidance of $260 million to $300 million ("2024 Guidance") Completed acquisition of Durango Permian, LLC ("Durango") at the end of June and closed divestiture of 16% non-operated equity interest in Gulf Coast Express pipeline ("GCX") at the beginning of June Sanctioned pre-FID work scope and long-lead critical path items for Kings Landing II and advanced subsurface and permitting workstreams
Barclays analyst Theresa Chen reinstates Kinetik Holdings (NYSE:KNTK) with a Equal-Weight and announces $43 price target.
Scotiabank analyst Tristan Richardson maintains Kinetik Holdings (NYSE:KNTK) with a Sector Outperform and raises the price target from $42 to $48.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Kimbell Royalty Partners, LP (NYSE:KRP) Dividend Yield: 10.84% Raymond James analyst John Freeman maintained a Strong Buy rating and
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
4 - Kinetik Holdings Inc. (0001692787) (Issuer)
Generated third quarter net income of $83.7 million, representing a 94% increase year-over-year, and Adjusted EBITDA1 of $265.7 million, a 23% increase in Adjusted EBITDA1 year-over-year Raising the Company's 2024 Adjusted EBITDA1 Guidance range to $970 million to $1 billion and tightening Capital Expenditures2 Guidance range to $270 million to $290 million Increased quarterly cash dividend to $0.78 per share for the third quarter ended September 30, 2024, up 4% versus the prior quarterly dividend Acquired an additional equity interest in EPIC Crude Holdings, LP ("EPIC Crude"), bringing the Company's ownership interest to 27.5%, in a series of transactions with Diamondback Energy tha
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced that its Board of Directors has declared an increase to its quarterly cash dividend to $0.78 per share, or $3.12 per share on an annualized basis, for the third quarter ended September 30, 2024. The announced quarterly dividend represents a 4% increase versus the prior quarterly dividend and will be paid on Thursday, November 7, 2024 to shareholders of record as of market close on Monday, October 28, 2024. "The strategic transactions closed earlier this year coupled with our business outperformance accelerated the achievement of our 3.5x leverage target and increased our confidence in the company's outlook," sa
EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") today announced that it has completed the issuance of a new $1,200 million senior secured Term Loan B due 2031. The Company used the net proceeds from the Term Loan to repay its existing $1,125 million Term Loan B and Term Loan C due 2026 and repay its existing $40 million senior secured revolver due 2026. As part of the transaction, the Company entered into a new agreement for a super-priority revolving credit facility of $125 million due 2029, undrawn at close. This refinancing is a key component of the overall transformation of the EPIC Crude business and is reflected in the Company's Ba3 and BB- credit ratings from Moody's and S&P,
Barclays resumed coverage of Kinetik with a rating of Equal Weight and set a new price target of $43.00
Barclays initiated coverage of Kinetik with a rating of Equal Weight and set a new price target of $40.00
RBC Capital Mkts initiated coverage of Kinetik with a rating of Outperform and set a new price target of $40.00
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") announced the appointment of William ("Bill") Ordemann to the Kinetik Board of Directors, effective April 3, 2024. Mr. Ordemann will serve as a member of the Audit and Governance & Sustainability Committees. Mr. Ordemann holds thirty-eight years of energy industry experience, with twenty-five years focused on natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. From 1999 until his retirement in 2019, Mr. Ordemann served in numerous executive positions at Enterprise Products Partners L.P. and its affiliates, including serving as an Executive Vice President. Throughout his tenure, he held various po
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today published its 2022 Sustainability Report (the "Report"), highlighting its sustainability advancements during the 2022 calendar year. The Report provides a comprehensive review of Kinetik's progress towards advancing a safer, cleaner, and more reliable energy future and its commitment to integrating sustainability across its operations. "I am proud of the achievements we made throughout 2022 advancing our environmental and other sustainability initiatives," said Jamie Welch, President and CEO. "We took several tangible steps to enhance our efforts across our organization, including the appointment of a Vice President of S
HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today published its 2021 Environmental, Social and Governance Report (the "Report"), highlighting the sustainability achievements of its predecessors, Altus Midstream Company ("Altus") and BCP Raptor Holdco, LP ("BCP"), during the 2021 calendar year. The Report provides a comprehensive review of Kinetik's progress towards advancing a safer, cleaner and more reliable energy future, building a more diverse and inclusive culture, and investing in the communities in which it operates. "We are pleased to share our progress achieved in 2021," said Jamie Welch, President