Kinetik (NYSE:KNTK) Lowered to “Hold” Rating by Clear Str

Clear Str lowered shares of Kinetik (NYSE:KNTK) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research firms have also commented on KNTK. Weiss Ratings raised Kinetik from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Raymond James Financial restated an “outperform” rating and set a $55.00 target price on shares of Kinetik in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Kinetik from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. US Capital Advisors upgraded shares of Kinetik from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Barclays set a $51.00 price target on shares of Kinetik and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.27.

Kinetik Stock Performance

Shares of KNTK stock opened at $54.75 on Monday. The stock’s 50-day moving average is $49.25 and its two-hundred day moving average is $47.28. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.32 and a beta of 0.56. Kinetik has a 1 year low of $31.33 and a 1 year high of $54.87.

Kinetik (NYSE:KNTK) last posted its earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.45. The business had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. Kinetik had a negative return on equity of 38.96% and a net margin of 26.19%.The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. As a group, research analysts predict that Kinetik will post 1.3 EPS for the current year.

Insider Buying and Selling

In other Kinetik news, major shareholder Isq Global Fund Ii Gp Llc sold 135,102 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $52.78, for a total transaction of $7,130,683.56. Following the completion of the sale, the insider directly owned 993,792 shares of the company’s stock, valued at approximately $52,452,341.76. This trade represents a 11.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah L. Byers sold 2,739 shares of Kinetik stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $51.51, for a total value of $141,085.89. Following the completion of the transaction, the director owned 24,389 shares in the company, valued at $1,256,277.39. This trade represents a 10.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 937,841 shares of company stock valued at $48,468,322 over the last ninety days. 3.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinetik

A number of hedge funds and other institutional investors have recently bought and sold shares of KNTK. Zimmer Partners LP purchased a new stake in Kinetik in the 4th quarter valued at approximately $98,611,000. Wellington Management Group LLP raised its stake in shares of Kinetik by 149.6% during the 4th quarter. Wellington Management Group LLP now owns 1,608,403 shares of the company’s stock worth $57,983,000 after buying an additional 964,130 shares in the last quarter. Cohen & Steers Inc. raised its stake 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 worth $66,458,000 after buying an additional 833,224 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Kinetik by 382.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,018,692 shares of the company’s stock valued at $36,724,000 after buying an additional 807,707 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Kinetik in the 2nd quarter valued at approximately $22,025,000. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

More Kinetik News

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik’s latest quarterly results remain a key bullish catalyst: earnings per share of $0.64 exceeded the $0.19 consensus estimate, while revenue rose 36.3% year over year to $581.44 million, well above expectations. The company’s results suggest continued operating momentum in its natural-gas infrastructure business.
• Neutral Sentiment: Analyst sentiment remains generally favorable, with Kinetik carrying a “Moderate Buy” consensus rating and several firms maintaining or raising price targets to $57. However, the average target of $52.87 is below the current trading level, implying limited consensus upside.
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC has continued reducing its position, selling 113,075 shares on August 13 for $5.83 million, 112,160 shares on August 14 for $6.00 million, and 135,102 shares on August 17 for $7.13 million. The repeated transactions may create a supply overhang and raise concerns about near-term selling pressure, although they do not necessarily indicate deterioration in Kinetik’s operations. Kinetik major shareholder sells 112,160 shares Kinetik major shareholder sells 135,102 shares ISQ Global Fund II GP sells Kinetik shares
• Negative Sentiment: Clear Street reportedly cut its view on Kinetik, citing limited upside after the stock’s post-earnings advance. That downgrade could weigh on sentiment as investors assess whether the strong earnings performance is already reflected in the valuation. Clear Street cuts Kinetik with limited upside seen

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.