Kinetik (NYSE:KNTK) Downgraded to Sell Rating by Wall Street Zen

Kinetik (NYSE:KNTK) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other research firms have also recently weighed in on KNTK. Jefferies Financial Group cut Kinetik from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Friday, February 6th. The Goldman Sachs Group cut their price objective on Kinetik from $46.00 to $40.00 and set a “buy” rating for the company in a report on Monday, November 17th. Zacks Research cut shares of Kinetik from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Scotiabank raised their target price on shares of Kinetik from $48.00 to $49.00 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their target price on shares of Kinetik from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.55.

Kinetik Price Performance

KNTK opened at $45.57 on Friday. The firm has a market capitalization of $7.36 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.11 and a beta of 0.70. Kinetik has a one year low of $31.33 and a one year high of $54.94. The company has a fifty day moving average price of $40.62 and a 200-day moving average price of $39.06.

Kinetik (NYSE:KNTK) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $2.01. Kinetik had a negative return on equity of 32.70% and a net margin of 29.23%.The company had revenue of $430.42 million for the quarter. During the same quarter last year, the business posted $0.01 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis.

Insider Transactions at Kinetik

In other news, insider Steven Stellato sold 2,907 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total value of $136,396.44. Following the completion of the transaction, the insider directly owned 393,382 shares in the company, valued at approximately $18,457,483.44. This represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Trevor Howard sold 1,619 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.92, for a total value of $75,963.48. Following the transaction, the insider owned 249,795 shares in the company, valued at $11,720,381.40. This trade represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,015,831 shares of company stock worth $180,054,928. 3.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chickasaw Capital Management LLC boosted its position in Kinetik by 63.9% during the 3rd quarter. Chickasaw Capital Management LLC now owns 1,098,447 shares of the company’s stock valued at $46,948,000 after buying an additional 428,103 shares during the period. Public Sector Pension Investment Board bought a new stake in Kinetik in the 3rd quarter worth $7,277,000. Dynamic Technology Lab Private Ltd increased its position in shares of Kinetik by 86.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 17,360 shares of the company’s stock valued at $765,000 after acquiring an additional 8,070 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of Kinetik by 90.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 61,695 shares of the company’s stock valued at $2,637,000 after acquiring an additional 29,303 shares during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Kinetik during the third quarter valued at about $9,017,000. 21.11% of the stock is currently owned by institutional investors.

Kinetik News Summary

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Big earnings beat and upbeat outlook — Kinetik reported a large Q (Feb) EPS beat and revenue growth, and Citi lifted its target following the results, supporting upside expectations. Citi Lifts Kinetik Holdings (KNTK) Target Following Earnings Beat and Positive Outlook
• Positive Sentiment: Scotiabank raised its price target to $49 and assigned a “sector outperform” rating, implying further upside from current levels. Benzinga
• Positive Sentiment: Additional analyst target lift — American Banking News / other outlets reported a higher $51 price target, adding to upgrade momentum from brokers. Kinetik (NYSE:KNTK) Price Target Raised to $51.00
• Neutral Sentiment: Barclays nudged its target up to $43 but kept an “equal weight” rating, signaling limited conviction — this is less bullish relative to other banks and implies potential sideways pressure. Benzinga
• Negative Sentiment: Insider selling: three executives (Matthew Wall, Steven Stellato and Trevor Howard) sold small stakes (each ~0.5–0.7% reductions) at ~ $46.92 per share on Mar 4 — the volumes and % changes are modest but can weigh on near-term sentiment. Insider Form 4 (Matthew Wall)

About Kinetik

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.

The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.