Kinetik (NYSE:KNTK) Director Deborah Byers Sells 2,739 Shares

Key Points

• Director Deborah Byers sold 2,739 Kinetik shares at an average price of $51.51, generating $141,085.89 and reducing her direct holdings by 10.1% to 24,389 shares.
• Kinetik reported a strong quarter, with earnings of $0.64 per share versus the $0.19 consensus estimate and revenue of $581.44 million, up 36.3% year over year.
• Shares rose 0.7% to $51.63, while analyst sentiment remained favorable with a “Moderate Buy” consensus rating and a $52.87 average price target; Truist raised its target to $59.

Kinetik Holdings Inc. (NYSE:KNTK - Get Free Report) Director Deborah Byers sold 2,739 shares of Kinetik stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.51, for a total value of $141,085.89. Following the completion of the sale, the director directly owned 24,389 shares in the company, valued at approximately $1,256,277.39. The trade was a 10.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kinetik Trading Up 0.7%

Shares of KNTK stock traded up $0.38 on Thursday, reaching $51.63. The company's stock had a trading volume of 1,027,407 shares, compared to its average volume of 1,177,366. The stock's fifty day simple moving average is $48.64 and its 200-day simple moving average is $46.90. Kinetik Holdings Inc. has a 1 year low of $31.33 and a 1 year high of $52.69. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.56.

Kinetik (NYSE:KNTK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, beating 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 business had revenue of $581.44 million during the quarter, compared to analyst estimates of $421.48 million. During the same quarter last year, the business earned $0.33 earnings per share. Kinetik's quarterly revenue was up 36.3% compared to the same quarter last year. Equities research analysts forecast that Kinetik Holdings Inc. will post 0.97 earnings per share for the current year.

Key Stories Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Truist raised its Kinetik price target to $59 from $53 and maintained a “buy” rating. The higher target suggests continued confidence in the midstream energy company’s growth prospects and indicates meaningful potential upside from recent trading levels. Truist price target report
• Positive Sentiment: Kinetik received a rating upgrade in a Seeking Alpha analysis. The report said upstream industry factors are expected to be the dominant influence on the company, providing a more favorable outlook for its business and shares. Seeking Alpha Kinetik analysis
• Positive Sentiment: Kinetik’s latest quarterly results significantly exceeded expectations. Earnings were $0.64 per share versus the $0.19 consensus estimate, while revenue rose 36.3% year over year to $581.44 million, well above the $421.48 million forecast. The results reinforce the company’s operating momentum and support the bullish analyst outlook.
• Neutral Sentiment: Analyst sentiment remains generally favorable, with Kinetik carrying a “Moderate Buy” consensus rating and an average price target near recent trading levels. This indicates broad support but limited upside under the consensus view.
• Negative Sentiment: ISQ Global Fund II GP LLC sold 310,691 Kinetik shares from August 10 through August 12 for approximately $16.0 million. The major shareholder’s position declined by roughly 14.6%. The sales may reflect portfolio management rather than concerns about fundamentals, but their size and consecutive timing could weigh on sentiment and add near-term selling pressure. SEC insider transaction filing

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Comerica Bank boosted its position in Kinetik by 91.5% during the first quarter. Comerica Bank now owns 1,532 shares of the company's stock valued at $80,000 after purchasing an additional 732 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Kinetik by 4.2% during the first quarter. AQR Capital Management LLC now owns 12,900 shares of the company's stock valued at $670,000 after buying an additional 522 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Kinetik by 88.7% in the 1st quarter. Millennium Management LLC now owns 132,533 shares of the company's stock valued at $6,884,000 after buying an additional 62,306 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kinetik by 27.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,532 shares of the company's stock valued at $4,131,000 after buying an additional 17,034 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Kinetik by 14.3% in the 1st quarter. Intech Investment Management LLC now owns 22,114 shares of the company's stock worth $1,149,000 after buying an additional 2,766 shares during the last quarter. 21.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of Kinetik in a research note on Tuesday. Citigroup restated a "buy" rating and issued a $55.00 price target (up from $52.00) on shares of Kinetik in a research report on Tuesday. Weiss Ratings upgraded Kinetik from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. Jefferies Financial Group restated a "hold" rating and issued a $51.00 price target on shares of Kinetik in a report on Friday, May 8th. Finally, Mizuho increased their price objective on shares of Kinetik from $48.00 to $51.00 and gave the company an "outperform" rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.87.

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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