US Capital Advisors Lowers Earnings Estimates for Kinetik

Kinetik Holdings Inc. (NASDAQ:KNTK) – Stock analysts at US Capital Advisors dropped their FY2026 earnings per share (EPS) estimates for Kinetik in a research note issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $3.12 per share for the year, down from their previous forecast of $3.19. The consensus estimate for Kinetik’s current full-year earnings is $1.44 per share.

Kinetik (NASDAQ:KNTK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $359.50 million for the quarter, compared to the consensus estimate of $305.94 million. Kinetik had a net margin of 30.96% and a negative return on equity of 48.16%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share.

Other equities analysts have also issued research reports about the company. Mizuho lifted their target price on Kinetik from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price objective 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. Royal Bank of Canada raised their target price on shares of Kinetik from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Scotiabank upped their target price on Kinetik from $42.00 to $48.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.71.

Kinetik Trading Down 1.5 %

Shares of NASDAQ:KNTK opened at $48.91 on Tuesday. The company has a market capitalization of $7.52 billion, a PE ratio of 20.05, a P/E/G ratio of 2.38 and a beta of 2.91. Kinetik has a 12-month low of $31.73 and a 12-month high of $51.97. The business’s fifty day simple moving average is $46.36 and its 200-day simple moving average is $42.71.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Beach Investment Counsel Inc. PA purchased a new position in Kinetik during the second quarter valued at approximately $27,000. Ameritas Investment Partners Inc. boosted its stake in shares of Kinetik by 112.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,633 shares of the company’s stock worth $145,000 after acquiring an additional 1,926 shares in the last quarter. CWM LLC grew its position in shares of Kinetik by 2,030.9% during the 3rd quarter. CWM LLC now owns 3,793 shares of the company’s stock valued at $172,000 after acquiring an additional 3,615 shares during the period. Blue Trust Inc. increased its stake in shares of Kinetik by 244.9% in the 3rd quarter. Blue Trust Inc. now owns 3,801 shares of the company’s stock valued at $158,000 after purchasing an additional 2,699 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Kinetik by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,841 shares of the company’s stock worth $159,000 after purchasing an additional 2,803 shares during the period. Hedge funds and other institutional investors own 21.11% of the company’s stock.

Kinetik Increases Dividend

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

About Kinetik

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.