US Capital Advisors Decreases Earnings Estimates for Kinetik

Kinetik Holdings Inc. (NASDAQ:KNTK - Free Report) - Stock analysts at US Capital Advisors cut their FY2026 earnings per share (EPS) estimates for shares of Kinetik in a research report issued to clients and investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $3.12 for the year, down from their prior estimate of $3.19. The consensus estimate for Kinetik's current full-year earnings is $1.44 per share.

Kinetik (NASDAQ:KNTK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. The company had revenue of $359.50 million for the quarter, compared to analyst estimates of $305.94 million. Kinetik had a net margin of 30.96% and a negative return on equity of 48.16%. Kinetik's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada increased their price objective on Kinetik from $46.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Scotiabank increased their price target on shares of Kinetik from $42.00 to $48.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 2nd. Mizuho boosted their price objective on shares of Kinetik from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Barclays increased their target price on shares of Kinetik from $43.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.71.

Kinetik Stock Down 0.1 %

KNTK stock traded down $0.04 during midday trading on Tuesday, hitting $48.88. 375,913 shares of the company traded hands, compared to its average volume of 511,459. The business has a 50 day simple moving average of $46.47 and a 200-day simple moving average of $42.78. Kinetik has a twelve month low of $31.73 and a twelve month high of $51.97. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 2.38 and a beta of 2.91.

Hedge Funds Weigh In On Kinetik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. grew its position in Kinetik by 367.6% during the 1st quarter. Sei Investments Co. now owns 55,663 shares of the company's stock worth $2,219,000 after acquiring an additional 43,758 shares during the last quarter. Swiss National Bank increased its stake in shares of Kinetik by 39.5% in the first quarter. Swiss National Bank now owns 70,600 shares of the company's stock valued at $2,815,000 after buying an additional 20,000 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Kinetik in the first quarter valued at $1,009,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Kinetik in the first quarter valued at about $755,000. Finally, Castleark Management LLC acquired a new position in Kinetik during the 1st quarter worth about $689,000. Institutional investors own 21.11% of the company's stock.

Kinetik Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.38%. This is an increase from Kinetik's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, October 28th. Kinetik's payout ratio is presently 127.87%.

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.