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

Kinetik (NYSE:KNTK) was downgraded by stock analysts at Clear Str from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Kinetik from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $57.00 target price (up from $56.00) on shares of Kinetik in a research report on Tuesday, August 11th. Truist Financial lifted their target price on shares of Kinetik from $53.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reissued a “hold” rating and issued a $51.00 price target on shares of Kinetik in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of Kinetik from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.27.

Kinetik Price Performance

NYSE:KNTK opened at $54.75 on Monday. The business has a fifty day simple moving average of $49.25 and a two-hundred day simple moving average of $47.28. Kinetik has a 1 year low of $31.33 and a 1 year high of $54.87. The company has a market capitalization of $8.89 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.32 and a beta of 0.56.

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

Insider Transactions at Kinetik

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Miller Howard Investments Inc. NY raised its holdings in shares of Kinetik by 69.4% in the 1st quarter. Miller Howard Investments Inc. NY now owns 146,317 shares of the company’s stock valued at $7,083,000 after acquiring an additional 59,942 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kinetik by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 5,096,786 shares of the company’s stock worth $183,739,000 after purchasing an additional 439,586 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in Kinetik in the fourth quarter valued at approximately $9,323,000. HighTower Advisors LLC raised its stake in Kinetik by 33.1% in the fourth quarter. HighTower Advisors LLC now owns 102,906 shares of the company’s stock valued at $3,710,000 after purchasing an additional 25,574 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Kinetik by 33.0% during the fourth quarter. Jennison Associates LLC now owns 270,126 shares of the company’s stock valued at $9,738,000 after purchasing an additional 66,992 shares during the last quarter. 21.11% of the stock is owned by institutional investors.

Kinetik News Summary

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

Kinetik Company Profile

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.