Kinetik Holdings Inc. (NYSE:KNTK) Receives Consensus Rating of “Hold” from Analysts

Shares of Kinetik Holdings Inc. (NYSE:KNTK) have earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $45.5455.

Several equities analysts have issued reports on KNTK shares. Royal Bank Of Canada cut their price target on shares of Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Barclays increased their price objective on Kinetik from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday. Wall Street Zen downgraded Kinetik from a “hold” rating to a “sell” rating in a research note on Sunday. Wolfe Research lowered Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Finally, Raymond James Financial set a $46.00 price target on Kinetik in a research note on Monday, January 5th.

Kinetik News Roundup

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)

Insider Activity at Kinetik

In other Kinetik news, insider Matthew Wall sold 8,083 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $36.05, for a total transaction of $291,392.15. Following the sale, the insider owned 554,738 shares of the company’s stock, valued at approximately $19,998,304.90. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Isq Global Fund Ii Gp Llc sold 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $44.85, for a total transaction of $179,400,000.00. Following the transaction, the insider owned 1 shares in the company, valued at $44.85. The trade was a 100.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,015,831 shares of company stock worth $180,054,928. 3.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinetik

A number of large investors have recently made changes to their positions in KNTK. Invesco Ltd. raised its stake in Kinetik by 22.4% in the 4th quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock worth $63,997,000 after acquiring an additional 325,251 shares during the last quarter. Vident Advisory LLC grew its stake in Kinetik by 0.8% during the 4th quarter. Vident Advisory LLC now owns 61,246 shares of the company’s stock valued at $2,208,000 after purchasing an additional 500 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in Kinetik during the 4th quarter valued at about $5,698,000. Zimmer Partners LP acquired a new position in shares of Kinetik in the fourth quarter valued at about $98,611,000. Finally, Virtus Investment Advisers LLC purchased a new position in shares of Kinetik in the fourth quarter worth about $170,000. 21.11% of the stock is owned by hedge funds and other institutional investors.

Kinetik Stock Performance

NYSE:KNTK opened at $45.57 on Monday. Kinetik has a fifty-two week low of $31.33 and a fifty-two week high of $54.94. The stock has a market capitalization of $7.36 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.11 and a beta of 0.70. The company’s 50-day simple moving average is $40.62 and its 200-day simple moving average is $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 net margin of 29.23% and a negative return on equity of 32.70%. The firm had revenue of $430.42 million for the quarter. During the same period in the previous year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.

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.