Kinetik (NYSE:KNTK) Price Target Raised to $49.00

Kinetik (NYSE:KNTK) had its price objective increased by Scotiabank from $48.00 to $49.00 in a research report sent to investors on Thursday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kinetik in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Kinetik from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Barclays upped their price objective on Kinetik from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup increased their price objective on Kinetik from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wolfe Research cut Kinetik from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.55.

Kinetik Trading Down 0.3%

Shares of KNTK stock opened at $45.57 on Thursday. The company’s 50-day moving average price is $40.62 and its 200-day moving average price is $39.06. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.11 and a beta of 0.70. Kinetik has a twelve month low of $31.33 and a twelve month high of $54.94.

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

Insider Activity at Kinetik

In other news, insider Trevor Howard sold 1,619 shares of the company’s stock in a transaction that occurred on 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 directly owned 249,795 shares in the company, valued at approximately $11,720,381.40. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Wall sold 3,222 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $151,176.24. Following the transaction, the insider directly owned 585,556 shares of the company’s stock, valued at $27,474,287.52. The trade was a 0.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,015,831 shares of company stock valued at $180,054,928 over the last 90 days. Insiders own 3.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Kinetik by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock valued at $183,739,000 after buying an additional 439,586 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of Kinetik in the 4th quarter valued at $98,611,000. Cohen & Steers Inc. lifted its stake in Kinetik by 82.5% during the 4th quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock worth $66,458,000 after acquiring an additional 833,224 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Kinetik by 86.5% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company’s stock valued at $66,455,000 after acquiring an additional 855,000 shares during the period. Finally, Invesco Ltd. boosted its holdings in Kinetik by 22.4% during the 4th quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock valued at $63,997,000 after acquiring an additional 325,251 shares during the period. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Kinetik

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.