Kinetik (KNTK) versus Its Competitors Financial Survey

Kinetik (NYSE:KNTK) is one of 42 public companies in the “OIL – FIELD SVCS” industry, but how does it weigh in compared to its rivals? We will compare Kinetik to similar businesses based on the strength of its earnings, valuation, dividends, profitability, analyst recommendations, institutional ownership and risk.

Profitability

This table compares Kinetik and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Kinetik	10.74%	-8.05%	2.47%
Kinetik Competitors	-0.42%	-35.28%	0.60%

Insider & Institutional Ownership

21.1% of Kinetik shares are owned by institutional investors. Comparatively, 60.1% of shares of all “OIL – FIELD SVCS” companies are owned by institutional investors. 3.8% of Kinetik shares are owned by company insiders. Comparatively, 9.5% of shares of all “OIL – FIELD SVCS” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Risk & Volatility

Kinetik has a beta of 3, suggesting that its share price is 200% more volatile than the S&P 500. Comparatively, Kinetik’s rivals have a beta of 2.30, suggesting that their average share price is 130% more volatile than the S&P 500.

Dividends

Kinetik pays an annual dividend of $3.12 per share and has a dividend yield of 7.6%. Kinetik pays out 328.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “OIL – FIELD SVCS” companies pay a dividend yield of 3.1% and pay out 45.3% of their earnings in the form of a dividend. Kinetik has raised its dividend for 1 consecutive years.

Analyst Ratings

This is a summary of current recommendations for Kinetik and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Kinetik	0	3	6	0	2.67
Kinetik Competitors	241	1709	2955	98	2.58

Kinetik currently has a consensus target price of $55.56, suggesting a potential upside of 34.84%. As a group, “OIL – FIELD SVCS” companies have a potential upside of 29.49%. Given Kinetik’s stronger consensus rating and higher probable upside, analysts plainly believe Kinetik is more favorable than its rivals.

Earnings and Valuation

This table compares Kinetik and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Kinetik	$1.48 billion	$244.23 million	43.37
Kinetik Competitors	$4.68 billion	$411.58 million	5.72

Kinetik’s rivals have higher revenue and earnings than Kinetik. Kinetik is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Kinetik beats its rivals on 9 of the 15 factors compared.

About Kinetik

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas.