With 1.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $57.1517 whereas the lowest price it dropped to was $53.48. The 52-week range on KNTK shows that it touched its highest point at $53.41 and its lowest point at $31.73 during that stretch. It currently has a 1-year price target of $48.78. With its current market cap of 8.89 billion, KNTK has annualized dividend of $3.78 while the current yield stands at 6.70%. Beta for the stock currently stands at 2.94.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KNTK was up-trending over the past week, with a rise of 15.92%, but this was up by 15.66% over a month. Three-month performance surged to 38.79% while six-month performance rose 44.82%. The stock gained 58.08% in the past year, while it has gained 68.92% so far this year. A look at the trailing 12-month EPS for KNTK yields 2.71 with Next year EPS estimates of 2.43. For the next quarter, that number is 0.50. This implies an EPS growth rate of -25.08% for this year and 36.03% for next year.
Float and Shares Shorts:
At present, 57.10 million KNTK shares are outstanding with a float of 33.57 million shares on hand for trading. On 2024-10-15, short shares totaled 2.45 million, which was 411.00003000000004 higher than short shares on 1726185600. In addition to Mr. Jamie W. Welch as the firm’s President, CEO & Director, Mr. Matthew Wall serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.87615997 of KNTK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, KNTK reported revenue of $359457000.0 and operating income of $56512000.0. The EBITDA in the recently reported quarter was $185954000.0 and diluted EPS was $0.54.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KNTK since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KNTK analysts setting a high price target of 55.0 and a low target of 43.0, the average target price over the next 12 months is 48.36. Based on these targets, KNTK could drop -2.52% to reach the target high and fall by -23.79% to reach the target low. Reaching the average price target will result in a decline of -14.29% from current levels.
Analysts have provided yearly estimates in a range of $2.23434 being high and $1.3146 being low. For KNTK, this leads to a yearly average estimate of $1.78318. The surprise factor in the prior quarter was $0.43. Based on analyst estimates, the high estimate for the next quarter is $0.55 and the low estimate is $0.23. The average estimate for the next quarter is thus $0.44.
