Wells Fargo & Company Upgrades Kinetik (NYSE:KNTK) to “Overweight”

Kinetik (NYSE:KNTK) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $52.00 price objective on the stock, up from their prior price objective of $47.00. Wells Fargo & Company‘s price target points to a potential upside of 7.15% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wolfe Research downgraded shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Citigroup increased their target price on shares of Kinetik from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen raised Kinetik from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Jefferies Financial Group downgraded shares of Kinetik from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research report on Friday, February 6th. Finally, UBS Group cut their target price on Kinetik from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Kinetik Price Performance

Shares of KNTK opened at $48.53 on Wednesday. The firm has a market capitalization of $7.87 billion, a PE ratio of 18.88, a PEG ratio of 1.60 and a beta of 0.70. Kinetik has a fifty-two week low of $31.33 and a fifty-two week high of $54.15. The company’s 50-day moving average is $43.29 and its 200-day moving average is $39.52.

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

Insider Transactions at Kinetik

In other Kinetik news, insider Trevor Howard sold 1,619 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $11,720,381.40. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven Stellato sold 2,907 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $136,396.44. Following the sale, the insider directly owned 393,382 shares of the company’s stock, valued at approximately $18,457,483.44. The trade was a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,015,831 shares of company stock valued at $180,054,928. 3.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinetik

Institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in shares of Kinetik by 89.8% in the 4th quarter. CWM LLC now owns 744 shares of the company’s stock worth $27,000 after acquiring an additional 352 shares in the last quarter. Signaturefd LLC increased its stake in shares of Kinetik by 101.5% during the 4th quarter. Signaturefd LLC now owns 802 shares of the company’s stock worth $29,000 after purchasing an additional 404 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Kinetik in the fourth quarter valued at $33,000. Los Angeles Capital Management LLC bought a new stake in Kinetik in the 4th quarter valued at about $40,000. Finally, Huntington National Bank raised its position in shares of Kinetik by 139.1% in the fourth quarter. Huntington National Bank now owns 1,222 shares of the company’s stock valued at $44,000 after purchasing an additional 711 shares during the period. Institutional investors own 21.11% of the company’s stock.

Kinetik News Roundup

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Truist Securities initiated coverage with a buy/strong‑buy recommendation — their coverage kickoff signals conviction from a large bank analyst and likely added buying pressure. Truist Securities initiates coverage of Kinetik Holdings (KNTK) with buy recommendation
• Positive Sentiment: Truist Financial also began coverage (reported separately), reiterating a bullish stance and reinforcing the market impact of the Truist analyst team. Truist Financial Begins Coverage on Kinetik (NYSE:KNTK)
• Positive Sentiment: Wells Fargo upgraded Kinetik from “equal weight” to “overweight” and set a $52 price target (up from $47), a concrete signal of anticipated upside that likely supported the stock. Wells Fargo upgrades Kinetik Holdings (KNTK)
• Neutral Sentiment: Outlets published comparative reviews (Kinetik vs. peers) that may have provided broader context but are unlikely to move the stock materially on their own. Reviewing Kinetik (NYSE:KNTK) & Mammoth Energy Services (NASDAQ:TUSK)
• Negative Sentiment: US Capital Advisors trimmed near‑term estimates — reducing FY2027 EPS and lowering Q1 EPS projections — which introduces some downside risk to near-term sentiment despite the longer‑term upbeat coverage from other firms. Q1 EPS Estimates for Kinetik Reduced by US Capital Advisors

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.