US Capital Advisors Predicts Lower Earnings for Kinetik

Kinetik Holdings Inc. (NYSE:KNTK) – US Capital Advisors reduced their FY2027 earnings per share (EPS) estimates for Kinetik in a research note issued on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $1.74 per share for the year, down from their prior estimate of $1.75. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for Kinetik’s current full-year earnings is $0.81 per share.

Kinetik (NYSE:KNTK) last released its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). The firm had revenue of $409.98 million for the quarter. Kinetik had a negative return on equity of 36.36% and a net margin of 28.58%.The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS.

A number of other equities research analysts also recently commented on KNTK. Scotiabank reissued an “outperform” rating and issued a $52.00 price objective (up from $51.00) on shares of Kinetik in a research report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 price objective on shares of Kinetik in a research report on Friday, May 8th. Tudor Pickering assumed coverage on shares of Kinetik in a research note on Monday, July 20th. They set a “buy” rating and a $57.00 target price for the company. Zacks Research raised Kinetik from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Citigroup restated a “buy” rating and issued a $52.00 price target (up from $51.00) on shares of Kinetik in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinetik has a consensus rating of “Moderate Buy” and a consensus price target of $51.40.

Kinetik Stock Down 0.9%

Shares of Kinetik stock opened at $50.16 on Friday. Kinetik has a 52-week low of $31.33 and a 52-week high of $52.54. The company has a market capitalization of $8.14 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.00 and a beta of 0.56. The company has a 50 day moving average of $48.20 and a 200 day moving average of $46.15.

Hedge Funds Weigh In On Kinetik

Several hedge funds have recently added to or reduced their stakes in KNTK. Zimmer Partners LP acquired a new stake in Kinetik during the fourth quarter worth approximately $98,611,000. Wellington Management Group LLP boosted its holdings in shares of Kinetik by 149.6% in the 4th quarter. Wellington Management Group LLP now owns 1,608,403 shares of the company’s stock valued at $57,983,000 after buying an additional 964,130 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in shares of Kinetik by 86.5% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,843,400 shares of the company’s stock valued at $66,455,000 after buying an additional 855,000 shares in the last quarter. Cohen & Steers Inc. grew its position in shares of Kinetik by 82.5% in the 4th quarter. Cohen & Steers Inc. now owns 1,843,506 shares of the company’s stock valued at $66,458,000 after buying an additional 833,224 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Kinetik by 382.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,018,692 shares of the company’s stock valued at $36,724,000 after buying an additional 807,707 shares during the last quarter. 21.11% of the stock is currently owned by hedge funds and other institutional investors.

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.