Jefferies has initiated coverage on Kinetik Holdings Inc (KNTK) with a Buy rating, marking the firm's first assessment of the company's investment potential. This rating comes as Kinetik operates within the energy sector, providing comprehensive oil and gas production and distribution services. Headquartered in Houston, Texas, the company employs 460 full-time staff and has been publicly traded since its IPO on April 4, 2017.
Currently priced at $35.15, Kinetik Holdings boasts a market capitalization of $5.6 billion and a price-to-earnings (P/E) ratio of 137.20. The company reported an earnings per share (EPS) of 0.66 for the trailing twelve months, alongside a staggering dividend yield of 935.8%. Analysts forecast upcoming earnings with estimates of $0.46 EPS and $573.8 million in revenue for August 4, 2026.
The move underscores a growing confidence in Kinetik's ability to navigate the complexities of the energy market, particularly in its Midstream Logistics and Pipeline Transportation segments, which include extensive pipeline networks throughout the Delaware Basin and equity investments in key Permian Basin pipelines. As Kinetik continues to evolve, analyst ratings will likely shift, reflecting ongoing assessments of the company's performance and market conditions.
This update provides insight into how Kinetik Holdings is perceived in the investment community, with 5 Strong Buy, 11 Buy, and 5 Hold ratings among analysts.
Investment decisions should consider various factors, including company fundamentals and market trends, as analyst opinions are just one component of the broader investment landscape.