Q4 EPS Estimates for Kinetik Cut by US Capital Advisors

Kinetik Holdings Inc. (NASDAQ:KNTK) – US Capital Advisors dropped their Q4 2024 earnings estimates for Kinetik in a report released on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the company will earn $0.42 per share for the quarter, down from their previous estimate 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.

Several other research firms have also recently weighed in on KNTK. Royal Bank of Canada lifted their price target on shares of Kinetik from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays raised their target price on shares of Kinetik from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Finally, Mizuho boosted their price target on shares of Kinetik from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.71.

Kinetik Stock Performance

KNTK opened at $58.66 on Wednesday. The stock has a market capitalization of $9.24 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.75 and a beta of 2.91. The stock’s 50 day moving average price is $51.28 and its 200-day moving average price is $45.18. Kinetik has a 52-week low of $31.73 and a 52-week high of $62.55.

Kinetik (NASDAQ:KNTK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). Kinetik had a net margin of 30.25% and a negative return on equity of 39.48%. 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 company earned $0.21 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis.

Kinetik Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.12 annualized dividend and a yield of 5.32%. This is a positive change from Kinetik’s previous quarterly dividend of $0.75. Kinetik’s dividend payout ratio (DPR) is currently 115.13%.

Institutional Trading of Kinetik

A number of hedge funds and other institutional investors have recently modified their holdings of KNTK. Vanguard Group Inc. lifted its position in Kinetik by 52.0% during the 1st quarter. Vanguard Group Inc. now owns 3,314,713 shares of the company’s stock valued at $132,158,000 after acquiring an additional 1,134,570 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Kinetik during the second quarter valued at approximately $13,550,000. Renaissance Technologies LLC lifted its holdings in shares of Kinetik by 88.3% during the second quarter. Renaissance Technologies LLC now owns 633,962 shares of the company’s stock valued at $26,271,000 after purchasing an additional 297,200 shares during the last quarter. SIR Capital Management L.P. bought a new stake in shares of Kinetik in the 2nd quarter worth approximately $11,537,000. Finally, Merewether Investment Management LP grew its stake in shares of Kinetik by 56.6% in the 3rd quarter. Merewether Investment Management LP now owns 662,300 shares of the company’s stock worth $29,976,000 after buying an additional 239,500 shares during the last quarter. 21.11% of the stock is owned by hedge funds and other institutional investors.

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.