Kinetik (NYSE:KNTK) Price Target Raised to $43.00

Kinetik (NYSE:KNTK) had its price target upped by Barclays from $40.00 to $43.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts 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 research note on Friday, February 6th. Royal Bank Of Canada dropped their target price 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. The Goldman Sachs Group reduced their target price on shares of Kinetik from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Zacks Research lowered shares of Kinetik from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, Wolfe Research cut shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.55.

Kinetik Stock Performance

Kinetik stock opened at $45.57 on Thursday. Kinetik has a fifty-two week low of $31.33 and a fifty-two week high of $54.94. The stock’s 50 day simple moving average is $40.62 and its two-hundred day simple moving average 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 (NYSE:KNTK) last announced its earnings results on Thursday, February 26th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $2.01. The firm had revenue of $430.42 million during the quarter. Kinetik had a negative return on equity of 32.70% and a net margin of 29.23%.The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS.

Insider Buying and Selling

In other Kinetik news, insider Trevor Howard sold 1,619 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total value of $75,963.48. Following the sale, the insider directly owned 249,795 shares of the company’s stock, valued at approximately $11,720,381.40. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Stellato sold 2,907 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,015,831 shares of company stock worth $180,054,928 over the last three months. 3.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Kinetik by 89.8% during the 4th quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 352 shares during the period. Signaturefd LLC boosted its stake in shares of Kinetik by 101.5% in the 4th quarter. Signaturefd LLC now owns 802 shares of the company’s stock worth $29,000 after buying an additional 404 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Kinetik in the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Kinetik in the fourth quarter worth $40,000. Finally, Huntington National Bank increased its position in Kinetik by 139.1% during the fourth quarter. Huntington National Bank now owns 1,222 shares of the company’s stock valued at $44,000 after acquiring an additional 711 shares during the last quarter. 21.11% of the stock is owned by hedge funds and other institutional investors.

Key Kinetik News

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.