Q4 EPS Estimates for Kinetik Cut by US Capital Advisors

Kinetik Holdings Inc. (NASDAQ:KNTK - Free Report) - Research analysts at US Capital Advisors lowered their Q4 2024 earnings estimates for Kinetik in a report released on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for Kinetik's current full-year earnings is $1.46 per share. US Capital Advisors also issued estimates for Kinetik's Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $2.19 EPS and FY2026 earnings at $2.88 EPS.

Other equities research analysts have also issued research reports about the stock. Mizuho boosted their price objective on shares of Kinetik from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their target price on shares of Kinetik from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Barclays upped their target price on shares of Kinetik from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.71.

Kinetik Price Performance

NASDAQ:KNTK opened at $59.16 on Wednesday. Kinetik has a one year low of $31.73 and a one year high of $62.55. The company's 50-day simple moving average is $51.02 and its 200 day simple moving average is $45.05. The firm has a market capitalization of $9.32 billion, a P/E ratio of 21.84, a PEG ratio of 2.75 and a beta of 2.91.

Kinetik (NASDAQ:KNTK - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.10). Kinetik had a negative return on equity of 39.48% and a net margin of 30.25%. The business had revenue of $396.40 million for the quarter, compared to the consensus estimate of $331.21 million. During the same period in the previous year, the firm earned $0.21 EPS. The company's revenue was up 20.0% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Beach Investment Counsel Inc. PA purchased a new position in shares of Kinetik during the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Kinetik during the 3rd quarter valued at about $46,000. CWM LLC lifted its stake in shares of Kinetik by 2,030.9% in the 3rd quarter. CWM LLC now owns 3,793 shares of the company's stock worth $172,000 after purchasing an additional 3,615 shares during the period. Blue Trust Inc. boosted its holdings in shares of Kinetik by 244.9% in the third quarter. Blue Trust Inc. now owns 3,801 shares of the company's stock worth $158,000 after buying an additional 2,699 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Kinetik by 270.0% during the second quarter. Harbor Capital Advisors Inc. now owns 3,841 shares of the company's stock valued at $159,000 after buying an additional 2,803 shares during the period. 21.11% of the stock is owned by hedge funds and other institutional investors.

Kinetik Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 5.27%. This is a boost from Kinetik's previous quarterly dividend of $0.75. The ex-dividend date was Monday, October 28th. Kinetik's payout ratio is presently 115.13%.

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.

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