Kinetik (NYSE:KNTK) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Kinetik (NYSE:KNTK) from a hold rating to a sell rating in a research note issued to investors on Sunday.

A number of other analysts also recently issued reports on the stock. Scotiabank increased their price target on shares of Kinetik from $48.00 to $49.00 and gave the stock a “sector outperform” rating in a report on Thursday. Jefferies Financial Group cut shares of Kinetik from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Friday, February 6th. Zacks Research downgraded shares of Kinetik from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Citigroup increased their target price on shares of Kinetik from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Raymond James Financial set a $46.00 target price on Kinetik in a research report on Monday, January 5th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.55.

Kinetik Trading Down 0.3%

Shares of NYSE:KNTK opened at $45.57 on Friday. Kinetik has a 12-month low of $31.33 and a 12-month high of $54.94. The company has a market capitalization of $7.36 billion, a PE ratio of 17.73, a PEG ratio of 1.11 and a beta of 0.70. The business has a 50 day moving average of $40.62 and a two-hundred day moving average of $39.06.

Kinetik (NYSE:KNTK) last released its quarterly earnings data on Thursday, February 26th. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $0.15 by $2.01. The business had revenue of $430.42 million for the quarter. Kinetik had a negative return on equity of 32.70% and a net margin of 29.23%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS.

Insider Transactions at Kinetik

In other news, insider Steven Stellato sold 2,907 shares of the firm’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 $136,396.44. Following the transaction, the insider owned 393,382 shares in the company, valued at $18,457,483.44. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Isq Global Fund Ii Gp Llc sold 4,000,000 shares of Kinetik 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 sale, the insider directly owned 1 shares in the company, valued at $44.85. This represents a 100.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,015,831 shares of company stock worth $180,054,928 over the last three months. 3.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinetik

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Kinetik by 22.4% during the 4th quarter. Invesco Ltd. now owns 1,775,216 shares of the company’s stock worth $63,997,000 after purchasing an additional 325,251 shares during the last quarter. Vident Advisory LLC raised its position in shares of Kinetik by 0.8% in the fourth quarter. Vident Advisory LLC now owns 61,246 shares of the company’s stock valued at $2,208,000 after buying an additional 500 shares during the last quarter. Yaupon Capital Management LP purchased a new position in shares of Kinetik in the fourth quarter worth about $5,698,000. Zimmer Partners LP purchased a new position in shares of Kinetik in the fourth quarter worth about $98,611,000. Finally, Virtus Investment Advisers LLC acquired a new position in Kinetik during the fourth quarter worth about $170,000. Institutional investors and hedge funds own 21.11% of the company’s stock.

Trending Headlines about Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Big earnings beat and upbeat outlook — Kinetik reported a large Q (Feb) EPS beat and revenue growth, and Citi lifted its target following the results, supporting upside expectations. Citi Lifts Kinetik Holdings (KNTK) Target Following Earnings Beat and Positive Outlook
• Positive Sentiment: Scotiabank raised its price target to $49 and assigned a “sector outperform” rating, implying further upside from current levels. Benzinga
• Positive Sentiment: Additional analyst target lift — American Banking News / other outlets reported a higher $51 price target, adding to upgrade momentum from brokers. Kinetik (NYSE:KNTK) Price Target Raised to $51.00
• Neutral Sentiment: Barclays nudged its target up to $43 but kept an “equal weight” rating, signaling limited conviction — this is less bullish relative to other banks and implies potential sideways pressure. Benzinga
• Negative Sentiment: Insider selling: three executives (Matthew Wall, Steven Stellato and Trevor Howard) sold small stakes (each ~0.5–0.7% reductions) at ~ $46.92 per share on Mar 4 — the volumes and % changes are modest but can weigh on near-term sentiment. Insider Form 4 (Matthew Wall)

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.