Kinetik Holdings Inc. (NYSE:KNTK) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Fourteen analysts give Kinetik an overall "Moderate Buy" (6 holds, 7 buys, 1 strong buy) with an average 12‑month price target of about $48.08, roughly in line with the current share price.
• Earnings beat and growth: Kinetik reported $2.16 EPS for the quarter—about $2.01 above consensus—while revenue rose 11.5% year‑over‑year to $430.4M and net margin was 29.2% despite a negative ROE.
• Significant insider selling: Insiders have sold approximately 4.17M shares (~$187.5M) in the last 90 days, including a 4,000,000‑share sale by Isq Global Fund II, marking a notable reduction in insider positions.

Shares of Kinetik Holdings Inc. (NYSE:KNTK - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $48.0833.

KNTK has been the subject of a number of research analyst reports. Truist Financial initiated coverage on shares of Kinetik in a research report on Tuesday, March 24th. They set a "buy" rating and a $53.00 target price for the company. Citigroup upped their price target on Kinetik from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Kinetik in a report on Tuesday, April 21st. UBS Group decreased their price target on Kinetik from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, March 16th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $50.00 price target (up from $49.00) on shares of Kinetik in a report on Thursday, April 16th.

Kinetik Stock Performance

KNTK opened at $47.78 on Tuesday. The firm has a 50 day moving average price of $46.22 and a 200 day moving average price of $40.23. The company has a market cap of $7.75 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.50 and a beta of 0.66. Kinetik has a 1 year low of $31.33 and a 1 year high of $49.55.

Kinetik (NYSE:KNTK - Get Free Report) last posted its earnings results 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. The firm had revenue of $430.42 million during the quarter. Kinetik had a net margin of 29.23% and a negative return on equity of 32.70%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. On average, sell-side analysts predict that Kinetik will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other Kinetik news, insider Trevor Howard sold 1,619 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider owned 249,795 shares in the company, valued at $11,720,381.40. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $44.85, for a total value of $179,400,000.00. Following the completion of the transaction, the insider owned 1 shares of the company's stock, valued at approximately $44.85. This represents a 100.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,167,948 shares of company stock worth $187,477,156 in the last 90 days. 3.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinetik

A number of institutional investors and hedge funds have recently bought and sold shares of KNTK. Zimmer Partners LP purchased a new position in Kinetik in the 4th quarter worth approximately $98,611,000. Brave Warrior Advisors LLC purchased a new position in shares of Kinetik during the 3rd quarter valued at approximately $68,766,000. Wellington Management Group LLP boosted 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 valued at $57,983,000 after buying an additional 964,130 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of Kinetik by 86.5% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company's stock valued at $66,455,000 after buying an additional 855,000 shares during the last quarter. Finally, Cohen & Steers Inc. boosted 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 valued at $66,458,000 after buying an additional 833,224 shares during the last quarter. Hedge funds and other institutional investors own 21.11% of the company's stock.

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.

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