What Makes Kinetik Holdings Inc. (KNTK) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Kinetik Holdings Inc. (KNTK) is identified as a strong momentum stock with a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating potential for significant near-term gains [1][2][4]. Company Performance - KNTK shares have increased by 1.91% over the past week, while the Zacks Oil and Gas - Field Services industry has declined by 3.89% during the same period [3]. - Over the past month, KNTK's price change is 15.19%, significantly outperforming the industry's 0.07% [3]. - In the last quarter, KNTK shares rose by 23.37%, and over the past year, they have increased by 43.36%, compared to the S&P 500's gains of 7.36% and 38.52%, respectively [3]. Trading Volume - KNTK's average 20-day trading volume is 423,176 shares, which is a useful indicator for assessing price movements and market interest [3]. Earnings Outlook - In the past two months, one earnings estimate for KNTK has been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $1.39 to $1.44 [4]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [4].