NYSE:KNTKOil and Gas
Is Kinetik Holdings (KNTK) Pricing Look Attractive After Recent Share Price Rebound
If you are looking at Kinetik Holdings and wondering whether the recent price is fair, rich, or leaves some room on the table, you are in the right place for a clear look at value.
The stock closed at US$42.25, with returns of 5.3% over the last 7 days, 15.1% over the last 30 days, 15.9% year to date, and a 28.4% decline over the past year, while the 3 year return sits at 80.7%.
These moves are sitting against a backdrop of ongoing interest in US energy infrastructure and midstream names,...