US Capital Advisors Predicts Stronger Earnings for Kinetik

Kinetik Holdings Inc. (NYSE:KNTK) – Equities researchers at US Capital Advisors raised their FY2027 earnings estimates for shares of Kinetik in a report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $2.03 for the year, up from their previous forecast of $1.74. US Capital Advisors has a “Strong-Buy” rating on the stock. The consensus estimate for Kinetik’s current full-year earnings is $1.30 per share. US Capital Advisors also issued estimates for Kinetik’s FY2028 earnings at $2.62 EPS.

KNTK has been the subject of a number of other reports. Morgan Stanley reissued an “overweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Kinetik in a report on Tuesday, August 18th. Tudor Pickering began coverage on Kinetik in a research report on Monday, July 20th. They set a “buy” rating and a $57.00 price target for the company. Truist Financial boosted their price target on Kinetik from $53.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $57.00 price target (up from $56.00) on shares of Kinetik in a research note on Tuesday, August 11th. Finally, Clear Str lowered Kinetik from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.27.

Kinetik Trading Down 0.7%

KNTK opened at $54.34 on Monday. The business’s 50 day moving average is $50.04 and its 200-day moving average is $47.76. The stock has a market cap of $8.82 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Kinetik has a twelve month low of $31.33 and a twelve month high of $56.10.

Kinetik (NYSE:KNTK) last posted its earnings results on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.19 by $0.45. Kinetik had a net margin of 26.19% and a negative return on equity of 38.96%. The firm had revenue of $581.44 million during the quarter, compared to analysts’ expectations of $421.48 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Kinetik’s quarterly revenue was up 36.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Kinetik by 4,839.8% during the second quarter. California State Teachers Retirement System now owns 2,898,031 shares of the company’s stock worth $140,091,000 after acquiring an additional 2,839,364 shares during the period. Zimmer Partners LP acquired a new stake in Kinetik in the 4th quarter valued at about $98,611,000. Wellington Management Group LLP lifted its holdings in Kinetik by 149.6% in the 4th quarter. Wellington Management Group LLP now owns 1,608,403 shares of the company’s stock valued at $57,983,000 after acquiring an additional 964,130 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Kinetik by 82.5% during the 4th quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock valued at $66,458,000 after purchasing an additional 833,224 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Kinetik by 382.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,018,692 shares of the company’s stock valued at $36,724,000 after purchasing an additional 807,707 shares in the last quarter. Institutional investors own 21.11% of the company’s stock.

Insider Transactions at Kinetik

In other news, major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of Kinetik stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $50.52, for a total transaction of $11,889,831.48. Following the transaction, the insider directly owned 1,691,370 shares in the company, valued at approximately $85,448,012.40. This trade represents a 12.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 1,012,809 shares of company stock worth $52,548,833. Company insiders own 3.56% of the company’s stock.

Kinetik Company Profile

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.