Kinetik (NYSE:KNTK) Stock Rating Lowered by Clear Str

Kinetik (NYSE:KNTK) was downgraded by Clear Str from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on KNTK. Weiss Ratings upgraded Kinetik from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reiterated a “hold” rating and set a $51.00 target price on shares of Kinetik in a research report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and issued a $70.00 price target (up from $64.00) on shares of Kinetik in a report on Tuesday. Mizuho increased their price objective on shares of Kinetik from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Kinetik from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.27.

Kinetik Trading Up 3.3%

NYSE KNTK opened at $54.75 on Monday. Kinetik has a 12 month low of $31.33 and a 12 month high of $54.87. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.32 and a beta of 0.56. The company’s 50 day moving average is $49.25 and its two-hundred day moving average is $47.28.

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

Insider Activity at Kinetik

In other Kinetik news, major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $50.52, for a total value of $11,889,831.48. Following the transaction, the insider directly owned 1,691,370 shares in the company, valued at $85,448,012.40. This represents a 12.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deborah L. Byers sold 2,739 shares of the stock in a transaction 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 transaction, the director directly owned 24,389 shares in the company, valued at $1,256,277.39. The trade was a 10.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 937,841 shares of company stock worth $48,468,322. Corporate insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY raised its stake in shares of Kinetik by 69.4% during the 1st quarter. Miller Howard Investments Inc. NY now owns 146,317 shares of the company’s stock worth $7,083,000 after acquiring an additional 59,942 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 buying an additional 439,586 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in Kinetik in the 4th quarter worth $9,323,000. HighTower Advisors LLC increased its holdings in shares of 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 during the period. Finally, Jennison Associates LLC increased its holdings in Kinetik by 33.0% in the 4th quarter. Jennison Associates LLC now owns 270,126 shares of the company’s stock worth $9,738,000 after buying an additional 66,992 shares during the period. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

Kinetik News Roundup

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.