Kinetik (NYSE:KNTK) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Kinetik (NYSE:KNTK) from a strong sell rating to a hold rating in a report issued on Saturday morning.

Several other equities analysts also recently issued reports on the stock. Zacks Research raised shares of Kinetik from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Tudor Pickering started coverage on shares of Kinetik in a report on Monday, July 20th. They issued a “buy” rating and a $57.00 price objective on the stock. US Capital Advisors upgraded shares of Kinetik from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of Kinetik from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Mizuho upped their target price on shares of Kinetik from $48.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Kinetik has an average rating of “Moderate Buy” and a consensus target price of $52.07.

Kinetik Price Performance

NYSE:KNTK opened at $49.08 on Friday. Kinetik has a 12-month low of $31.33 and a 12-month high of $52.54. The firm has a market capitalization of $7.97 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.94 and a beta of 0.56. The business has a 50 day simple moving average of $48.31 and a 200 day simple moving average of $46.59.

Kinetik (NYSE:KNTK) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.45. Kinetik had a negative return on equity of 37.86% and a net margin of 26.19%.The firm had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue was up 36.3% on a year-over-year basis. Research analysts anticipate that Kinetik will post 0.81 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Isq Global Fund Ii Gp Llc sold 235,349 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $50.52, for a total value of $11,889,831.48. Following the completion of the transaction, the insider owned 1,691,370 shares of the company’s stock, valued at approximately $85,448,012.40. This represents a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 264,074 shares of company stock valued at $13,332,540 over the last ninety days. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Kinetik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Kinetik by 10.5% in the second quarter. GAMMA Investing LLC now owns 2,882 shares of the company’s stock worth $139,000 after purchasing an additional 273 shares during the period. ProShare Advisors LLC increased its stake in Kinetik by 3.5% during the 4th quarter. ProShare Advisors LLC now owns 8,633 shares of the company’s stock valued at $311,000 after buying an additional 294 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Kinetik by 5.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock worth $238,000 after buying an additional 337 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Kinetik by 0.4% during the 2nd quarter. Federated Hermes Inc. now owns 89,133 shares of the company’s stock worth $3,926,000 after buying an additional 346 shares in the last quarter. Finally, CWM LLC lifted 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 during the period. 21.11% of the stock is currently owned by institutional investors.

Trending Headlines about Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints
• Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap
• Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing

About Kinetik

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.