Trevor Howard Sells 1,619 Shares of Kinetik (NYSE:KNTK) Stock

Kinetik Holdings Inc. (NYSE:KNTK) insider Trevor Howard sold 1,619 shares of Kinetik 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 completion of the sale, 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 is available through the SEC website.

Kinetik Stock Down 0.3%

NYSE:KNTK opened at $45.57 on Friday. The company has a market cap 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 Holdings Inc. has a twelve month low of $31.33 and a twelve month high of $54.94. The business has a 50 day moving average price of $40.62 and a two-hundred day moving average price of $39.06.

Kinetik (NYSE:KNTK) last posted 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. The company had revenue of $430.42 million for the quarter. Kinetik had a net margin of 29.23% and a negative return on equity of 32.70%. Kinetik’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share.

Institutional Trading of Kinetik

A number of large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its position in shares of Kinetik by 3.5% in the 4th quarter. ProShare Advisors LLC now owns 8,633 shares of the company’s stock valued at $311,000 after acquiring an additional 294 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of Kinetik by 5.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock worth $238,000 after purchasing an additional 337 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Kinetik by 0.4% in the 2nd quarter. Federated Hermes Inc. now owns 89,133 shares of the company’s stock valued at $3,926,000 after purchasing an additional 346 shares during the period. CWM LLC lifted its stake in Kinetik by 89.8% in the 4th quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 352 shares during the last quarter. Finally, SL Advisors LLC lifted its stake in Kinetik by 1.7% in the 3rd quarter. SL Advisors LLC now owns 22,306 shares of the company’s stock valued at $953,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 21.11% of the company’s stock.

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)

Wall Street Analyst Weigh In

Several brokerages have commented on KNTK. 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 research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Kinetik in a report on Thursday, January 22nd. Zacks Research downgraded Kinetik from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Wall Street Zen lowered Kinetik from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Wells Fargo & Company increased their price target on Kinetik from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.55.

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.