Truist Financial Begins Coverage on Kinetik (NYSE:KNTK)

Truist Financial initiated coverage on shares of Kinetik (NYSE:KNTK) in a report released on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $53.00 price target on the stock. Truist Financial’s price target would suggest a potential upside of 12.45% from the stock’s previous close.

Several other analysts also recently issued reports on KNTK. Jefferies Financial Group downgraded shares of Kinetik from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Friday, February 6th. Barclays upped their price objective on shares of Kinetik from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. UBS Group dropped their price objective on shares of Kinetik from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Citigroup lifted their price objective on shares of Kinetik from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wolfe Research downgraded shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.25.

Kinetik Stock Performance

Shares of NYSE:KNTK opened at $47.13 on Tuesday. The business’s 50 day simple moving average is $43.07 and its two-hundred day simple moving average is $39.46. The firm has a market cap of $7.64 billion, a P/E ratio of 18.34, a PEG ratio of 1.58 and a beta of 0.70. Kinetik has a 52-week low of $31.33 and a 52-week high of $54.15.

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

Insider Buying and Selling

In other news, insider Matthew Wall sold 3,222 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $46.92, for a total value of $151,176.24. Following the completion of the sale, the insider owned 585,556 shares in the company, valued at $27,474,287.52. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Trevor Howard sold 1,619 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.92, for a total transaction of $75,963.48. Following the completion of the sale, the insider owned 249,795 shares of the company’s stock, valued at approximately $11,720,381.40. This represents a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,015,831 shares of company stock valued at $180,054,928. 3.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kinetik

A number of institutional investors have recently added to or reduced their stakes in KNTK. Invesco Ltd. lifted its position in shares of 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 buying an additional 325,251 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Kinetik by 0.8% in the 4th quarter. Vident Advisory LLC now owns 61,246 shares of the company’s stock worth $2,208,000 after buying an additional 500 shares during the last quarter. Yaupon Capital Management LP bought a new position in shares of Kinetik in the fourth quarter valued at approximately $5,698,000. Zimmer Partners LP bought a new position in shares of Kinetik in the fourth quarter valued at approximately $98,611,000. Finally, Virtus Investment Advisers LLC purchased a new stake in shares of Kinetik during the fourth quarter valued at approximately $170,000. 21.11% of the stock is owned by institutional investors.

Key Headlines Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Wells Fargo upgraded Kinetik from “equal weight” to “overweight” and raised its price target to $52 (from $47), signaling ~10% upside versus current levels — a clear catalyst for buying interest. Wells Fargo Upgrade
• Positive Sentiment: Truist Financial initiated/raised coverage on Kinetik with a buy/strong‑buy stance and a $53 price target, reinforcing the broker‑driven positive momentum and giving another near‑term upside reference for investors. Truist Coverage
• Neutral Sentiment: US Capital Advisors published detailed quarterly and multi‑year forecasts (Q1–Q4 2026, FY2026, and FY2027–FY2028), providing updated modeling inputs for investors to use in valuation work. US Capital Advisors Estimates
• Neutral Sentiment: Independent coverage pieces (e.g., market reviews) are circulating that summarize the stock/sector; useful for broader context but not immediate price catalysts. Analyst Review
• Negative Sentiment: US Capital Advisors trimmed several near‑term EPS forecasts (Q1–Q4 2026 and FY2026 lowered; some 2026 quarters cut materially), which could pressure expectations for short‑term earnings performance and cap near‑term upside. EPS Revisions

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.