Brokers Issue Forecasts for Kinetik FY2027 Earnings

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

A number of other research firms also recently weighed in on KNTK. Scotiabank reiterated an “outperform” rating and set a $48.00 target price on shares of Kinetik in a report on Friday, January 16th. Raymond James Financial set a $46.00 price target on Kinetik in a research report on Monday, January 5th. Mizuho set a $48.00 price objective on Kinetik in a report on Wednesday, October 29th. Jefferies Financial Group cut shares of Kinetik from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kinetik in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kinetik has an average rating of “Hold” and a consensus target price of $46.00.

Kinetik Price Performance

KNTK stock opened at $41.53 on Thursday. Kinetik has a 1 year low of $31.33 and a 1 year high of $64.48. The firm has a 50-day moving average of $37.29 and a 200 day moving average of $38.77. The company has a market cap of $6.71 billion, a P/E ratio of 98.88, a PEG ratio of 1.00 and a beta of 0.73.

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

Insider Activity at Kinetik

In other news, insider Matthew Wall sold 8,083 shares of the business’s stock in a transaction that occurred 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 owned 554,738 shares of the company’s stock, valued at approximately $19,998,304.90. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jamie Welch purchased 8,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of $34.57 per share, with a total value of $276,560.00. Following the completion of the transaction, the insider 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.83% of the company’s stock.

Institutional Investors Weigh In On Kinetik

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chickasaw Capital Management LLC raised its stake in shares of Kinetik by 63.9% during the third quarter. Chickasaw Capital Management LLC now owns 1,098,447 shares of the company’s stock valued at $46,948,000 after acquiring an additional 428,103 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Kinetik by 90.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 61,695 shares of the company’s stock worth $2,637,000 after purchasing an additional 29,303 shares during the period. Eagle Global Advisors LLC raised its position in Kinetik by 70.7% during the 3rd quarter. Eagle Global Advisors LLC now owns 449,980 shares of the company’s stock valued at $19,232,000 after purchasing an additional 186,444 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Kinetik by 86.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 17,360 shares of the company’s stock valued at $765,000 after purchasing an additional 8,070 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Kinetik by 4.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,178,890 shares of the company’s stock worth $51,930,000 after buying an additional 52,058 shares during the period. Hedge funds and other institutional investors own 21.11% 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.