US Capital Advisors Estimates Kinetik FY2027 Earnings

Kinetik Holdings Inc. (NYSE:KNTK) – Research analysts at US Capital Advisors issued their FY2027 earnings estimates for shares of Kinetik in a report released on Monday, February 2nd. US Capital Advisors analyst J. Carreker forecasts that the company will post earnings per share of $1.99 for the year.

Several other equities analysts have also commented on KNTK. Mizuho set a $48.00 price target on Kinetik in a research report on Wednesday, October 29th. Citigroup reduced their target price on shares of Kinetik from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Wolfe Research lowered shares of Kinetik from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Royal Bank Of Canada dropped their price target on shares of Kinetik from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Scotiabank reissued an “outperform” rating and issued a $48.00 price objective on shares of Kinetik in a research report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

Kinetik Price Performance

Shares of NYSE KNTK opened at $41.24 on Thursday. Kinetik has a 1-year low of $31.33 and a 1-year high of $66.27. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 98.19, a PEG ratio of 1.01 and a beta of 0.73. The business has a 50-day moving average of $37.02 and a 200-day moving average of $38.76.

Kinetik (NYSE:KNTK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). Kinetik had a negative return on equity of 5.74% and a net margin of 6.70%.The business had revenue of $463.97 million for the quarter, compared to analysts’ expectations of $604.57 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis.

Institutional Trading of Kinetik

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in Kinetik by 6.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,387 shares of the company’s stock worth $374,000 after buying an additional 587 shares during the last quarter. Praxis Investment Management Inc. acquired a new stake in shares of Kinetik during the 4th quarter valued at approximately $244,000. Principal Financial Group Inc. lifted its stake in Kinetik by 382.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,018,692 shares of the company’s stock worth $36,724,000 after purchasing an additional 807,707 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Kinetik by 35.9% in the fourth quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $77,000 after purchasing an additional 564 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in Kinetik by 64.7% in the fourth quarter. New York State Teachers Retirement System now owns 20,962 shares of the company’s stock worth $756,000 after purchasing an additional 8,231 shares during the period. 21.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinetik

In related news, insider Jamie Welch acquired 8,000 shares of Kinetik stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $34.57 per share, for a total transaction of $276,560.00. Following the purchase, the insider directly owned 3,687,791 shares of the company’s stock, valued at $127,486,934.87. The trade was a 0.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Wall sold 8,083 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $36.05, for a total transaction of $291,392.15. Following the transaction, the insider directly owned 554,738 shares of the company’s stock, valued at approximately $19,998,304.90. This represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.83% of the company’s stock.

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.