US Capital Advisors Lowers Earnings Estimates for Kinetik

Kinetik Holdings Inc. (NASDAQ:KNTK - Free Report) - Analysts at US Capital Advisors cut their Q1 2025 earnings per share estimates for shares of Kinetik in a note issued to investors on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Kinetik's current full-year earnings is $1.96 per share. US Capital Advisors also issued estimates for Kinetik's Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.09 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.71 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.74 EPS and FY2027 earnings at $3.26 EPS.

A number of other research firms have also weighed in on KNTK. Barclays lowered their price target on shares of Kinetik from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company lowered their price target on shares of Kinetik from $60.00 to $58.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Citigroup raised their price target on Kinetik from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Scotiabank lowered their price target on Kinetik from $62.00 to $60.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Kinetik from $46.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.63.

Kinetik Stock Down 0.7 %

Shares of KNTK stock traded down $0.38 during trading hours on Wednesday, hitting $51.11. 488,006 shares of the company's stock were exchanged, compared to its average volume of 579,408. The firm has a 50 day moving average of $58.43 and a two-hundred day moving average of $55.41. Kinetik has a fifty-two week low of $37.65 and a fifty-two week high of $67.60. The firm has a market cap of $8.06 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.52 and a beta of 2.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in shares of Kinetik during the 3rd quarter worth approximately $558,000. Charles Schwab Investment Management Inc. boosted its position in Kinetik by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 307,929 shares of the company's stock worth $13,937,000 after purchasing an additional 9,882 shares in the last quarter. Quantbot Technologies LP grew its holdings in Kinetik by 274.8% in the third quarter. Quantbot Technologies LP now owns 54,566 shares of the company's stock valued at $2,470,000 after purchasing an additional 40,008 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Kinetik in the third quarter valued at $1,887,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kinetik by 14.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,867 shares of the company's stock worth $356,000 after buying an additional 983 shares during the last quarter. 21.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Isq Global Fund Ii Gp Llc sold 3,952,431 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.63, for a total value of $219,873,736.53. Following the completion of the transaction, the insider now owns 1,044,520 shares in the company, valued at $58,106,647.60. This trade represents a 79.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.71% of the stock is currently owned by insiders.

Kinetik Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Monday, February 3rd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend was Monday, February 3rd. Kinetik's dividend payout ratio is presently 305.88%.

Kinetik Company Profile

Kinetik Holdings Inc operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services.