Insider Selling: Kinetik (NYSE:KNTK) Director Sells $141,085.89 in Stock

Kinetik Holdings Inc. (NYSE:KNTK) Director Deborah Byers sold 2,739 shares of Kinetik stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.51, for a total transaction of $141,085.89. Following the completion of the transaction, the director directly owned 24,389 shares in the company, valued at $1,256,277.39. This represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kinetik Trading Up 0.7%

Shares of KNTK traded up $0.38 during midday trading on Thursday, hitting $51.63. 1,027,407 shares of the company’s stock traded hands, compared to its average volume of 1,177,366. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.56. Kinetik Holdings Inc. has a 1 year low of $31.33 and a 1 year high of $52.69. The firm’s fifty day moving average is $48.64 and its 200-day moving average is $46.90.

Kinetik (NYSE:KNTK) last announced its earnings results on Wednesday, August 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.45. Kinetik had a negative return on equity of 38.96% and a net margin of 26.19%.The firm had revenue of $581.44 million for the quarter, compared to the consensus estimate of $421.48 million. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. On average, equities research analysts anticipate that Kinetik Holdings Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KNTK. Raymond James Financial restated an “outperform” rating and set a $55.00 price objective on shares of Kinetik in a report on Friday, August 7th. Zacks Research raised shares of Kinetik from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays set a $51.00 target price on shares of Kinetik and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Tudor Pickering initiated coverage on shares of Kinetik in a report on Monday, July 20th. They issued a “buy” rating and a $57.00 price target for the company. Finally, Truist Financial raised their price target on shares of Kinetik from $53.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinetik has a consensus rating of “Moderate Buy” and a consensus target price of $52.87.

Institutional Trading of Kinetik

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Kinetik by 10.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,882 shares of the company’s stock valued at $139,000 after purchasing an additional 273 shares in the last quarter. ProShare Advisors LLC raised its holdings in Kinetik by 3.5% in the 4th quarter. ProShare Advisors LLC now owns 8,633 shares of the company’s stock worth $311,000 after purchasing an additional 294 shares during the period. Maryland State Retirement & Pension System boosted its position in Kinetik by 5.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,612 shares of the company’s stock worth $238,000 after purchasing an additional 337 shares in the last quarter. Federated Hermes Inc. grew its holdings in Kinetik by 0.4% in the second quarter. Federated Hermes Inc. now owns 89,133 shares of the company’s stock valued at $3,926,000 after purchasing an additional 346 shares during the period. Finally, CWM LLC grew its holdings in Kinetik by 89.8% in the fourth quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 352 shares during the period. Hedge funds and other institutional investors own 21.11% of the company’s stock.

Key Stories Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Truist raised its Kinetik price target to $59 from $53 and maintained a “buy” rating. The higher target suggests continued confidence in the midstream energy company’s growth prospects and indicates meaningful potential upside from recent trading levels. Truist price target report
• Positive Sentiment: Kinetik received a rating upgrade in a Seeking Alpha analysis. The report said upstream industry factors are expected to be the dominant influence on the company, providing a more favorable outlook for its business and shares. Seeking Alpha Kinetik analysis
• Positive Sentiment: Kinetik’s latest quarterly results significantly exceeded expectations. Earnings were $0.64 per share versus the $0.19 consensus estimate, while revenue rose 36.3% year over year to $581.44 million, well above the $421.48 million forecast. The results reinforce the company’s operating momentum and support the bullish analyst outlook.
• Neutral Sentiment: Analyst sentiment remains generally favorable, with Kinetik carrying a “Moderate Buy” consensus rating and an average price target near recent trading levels. This indicates broad support but limited upside under the consensus view.
• Negative Sentiment: ISQ Global Fund II GP LLC sold 310,691 Kinetik shares from August 10 through August 12 for approximately $16.0 million. The major shareholder’s position declined by roughly 14.6%. The sales may reflect portfolio management rather than concerns about fundamentals, but their size and consecutive timing could weigh on sentiment and add near-term selling pressure. SEC insider transaction 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.