KNTK Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Kinetik Holdings Inc (KNTK) is showing signs of potential exhaustion in selling pressure, with an RSI of 27.6, significantly below the average RSI of 38.6 for energy stocks. This indicates a possible buying opportunity as the stock may be oversold.
Fibonacci Levels:
The stock is currently trading near the lower support level of $51.32, with a Fibonacci pivot point at $55.07. Resistance levels are at $58.83 and $61.16, while support levels are at $51.32 and $48.99.
Analyst Sentiment:
Scotiabank has lowered its price target to $60 from $62 but maintains an Outperform rating, citing mixed Q4 results and near-term cash flow challenges. Other analysts have also adjusted their targets, reflecting cautious optimism.
Conclusion:
Based on the oversold RSI and Fibonacci levels, KNTK may see a short-term rebound. The stock is expected to reach $55 by the end of the next trading week. However, due to the overall bearish trend, it is recommended to sell if the stock reaches this target quickly.
KNTK Similar Chart Price Prediction
The price of KNTK is predicted to go up 10.26%, based on the high correlation periods with SPB. The similarity of these two price pattern on the periods is 97.71%.
KNTK
SPB
Up: 10.26%Similarity: 97.71%
KNTK Revenue Forecast
KNTK EPS Forecast
KNTK FAQs
What is KNTK revenue forecast for next quarter？
KNTK VS S&P500
Kinetik will benefit from increased LNG export capacity on the Gulf Coast, which will drive demand for its gas.
We expect strong demand from China for natural gas liquids for industrial feedstock over the next few years.
The company is entering a harvesting phase after investing heavily over the last few years, potentially boosting prospects for capital returns.
KNTK Analyst's Forecast
Brandon Bingham
Scotiabank
Buy
2025-03-06
Price Target
$62 → $60
Upside
+17.23%
Scotiabank lowered the firm's price target on Kinetik Holdings to $60 from $62 and keeps an Outperform rating on the shares. The firm is updating its numbers and price targets on stocks in U.S. Midstream coverage following "mixed" Q4 results, the analyst tells investors. While the trajectory for the sector remains positive, near-term hits to free cash flow profiles and more muted returns have caused valuations to compress from recent highs, the firm adds.
Theresa Chen
Barclays
Hold
2025-03-06
Price Target
$61 → $57
Upside
+11.37%
Brandon Bingham
Scotiabank
Buy
2025-01-21
Price Target
$64 → $62
Downside
-6.72%
