US Capital Advisors Expects Increased Earnings for Kinetik

Kinetik Holdings Inc. (NYSE:KNTK) – Research analysts at US Capital Advisors raised their FY2027 EPS estimates for shares of Kinetik in a research report issued to clients and investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now expects that the company will earn $2.03 per share for the year, up from their previous estimate of $1.74. US Capital Advisors has a “Strong-Buy” rating on the stock. The consensus estimate for Kinetik’s current full-year earnings is $1.30 per share. US Capital Advisors also issued estimates for Kinetik’s FY2028 earnings at $2.62 EPS.

Kinetik (NYSE:KNTK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.45. Kinetik had a net margin of 26.19% and a negative return on equity of 38.96%. The business had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year.

KNTK has been the subject of a number of other reports. Weiss Ratings raised Kinetik from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of Kinetik in a research note on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $57.00 target price (up from $56.00) on shares of Kinetik in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Kinetik from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $51.00 price target on shares of Kinetik in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.27.

Kinetik Stock Performance

KNTK opened at $54.69 on Monday. The stock’s 50 day moving average price is $49.86 and its 200-day moving average price is $47.67. Kinetik has a one year low of $31.33 and a one year high of $56.10. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.35 and a beta of 0.56.

Insider Buying and Selling

In related news, Director Deborah L. Byers sold 2,739 shares of the stock in a transaction that occurred 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 owned 24,389 shares of the company’s stock, valued at $1,256,277.39. This represents a 10.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Isq Global Fund Ii Gp Llc sold 3,107 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $55.07, for a total value of $171,102.49. Following the completion of the transaction, the insider directly owned 925,787 shares in the company, valued at approximately $50,983,090.09. This trade represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,005,846 shares of company stock valued at $52,164,684 in the last quarter. 3.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinetik

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of Kinetik by 91.5% in the first quarter. Comerica Bank now owns 1,532 shares of the company’s stock valued at $80,000 after acquiring an additional 732 shares in the last quarter. AQR Capital Management LLC lifted its stake in Kinetik by 4.2% in the first quarter. AQR Capital Management LLC now owns 12,900 shares of the company’s stock worth $670,000 after acquiring an additional 522 shares during the period. Millennium Management LLC grew its holdings in Kinetik by 88.7% during the 1st quarter. Millennium Management LLC now owns 132,533 shares of the company’s stock worth $6,884,000 after acquiring an additional 62,306 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kinetik by 27.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,532 shares of the company’s stock worth $4,131,000 after acquiring an additional 17,034 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Kinetik by 14.3% during the 1st quarter. Intech Investment Management LLC now owns 22,114 shares of the company’s stock valued at $1,149,000 after purchasing an additional 2,766 shares during the period. 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.