US Capital Advisors Reduces Earnings Estimates for Kinetik

Kinetik Holdings Inc. (NASDAQ:KNTK - Free Report) - Equities researchers at US Capital Advisors decreased their Q1 2025 earnings estimates for shares of Kinetik in a research report issued to clients and investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.42. US Capital Advisors has a "Moderate Buy" rating on the stock. The consensus estimate for Kinetik's current full-year earnings is $1.96 per share.

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their price target on shares of Kinetik from $62.00 to $60.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of Kinetik from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Barclays upped their price target on shares of Kinetik from $57.00 to $58.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on Kinetik from $60.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, UBS Group initiated coverage on Kinetik in a research note on Tuesday. They set a "neutral" rating and a $49.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.56.

Kinetik Price Performance

Shares of Kinetik stock traded up $0.36 during midday trading on Tuesday, reaching $41.46. The company had a trading volume of 1,009,218 shares, compared to its average volume of 618,436. The firm has a market cap of $6.54 billion, a PE ratio of 15.30, a P/E/G ratio of 1.52 and a beta of 2.68. The stock has a fifty day moving average price of $48.40 and a 200 day moving average price of $54.80. Kinetik has a fifty-two week low of $37.85 and a fifty-two week high of $67.60.

Institutional Trading of Kinetik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in shares of Kinetik during the fourth quarter valued at approximately $26,000. Canton Hathaway LLC purchased a new position in Kinetik during the 4th quarter worth $28,000. GAMMA Investing LLC boosted its holdings in Kinetik by 72.0% during the 4th quarter. GAMMA Investing LLC now owns 509 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Kinetik in the 4th quarter worth $34,000. Finally, Comerica Bank raised its holdings in shares of Kinetik by 32.2% in the fourth quarter. Comerica Bank now owns 800 shares of the company's stock valued at $45,000 after purchasing an additional 195 shares during the last quarter. 21.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Isq Global Fund Ii Gp Llc sold 1,044,519 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $52.66, for a total value of $55,004,370.54. Following the sale, the insider now owns 657,583 shares in the company, valued at $34,628,320.78. This represents a 61.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.83% of the stock is owned by company insiders.

Kinetik Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Friday, April 25th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date was Friday, April 25th. Kinetik's payout ratio is 305.88%.

Kinetik Company Profile

Kinetik Holdings Inc operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services.