Key Points
- Insider sale: Director Steven Stellato sold 2,907 shares on March 4 at an average price of $46.92 for $136,396.44, reducing his stake by about 0.73% to 393,382 shares.
- Big earnings beat: Kinetik reported Q results with EPS of $2.16 versus a $0.15 estimate and revenue of $430.4M (up 11.5% year‑over‑year), prompting several analysts to raise price targets.
- Market stance and metrics: Shares traded near $45.57 (52‑week range $31.33–$54.94) with a $7.36B market cap and a consensus analyst rating of "Hold" and target price roughly $45.55.
Kinetik Holdings Inc. (NYSE:KNTK - Get Free Report) insider Trevor Howard sold 1,619 shares of Kinetik stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total value of $75,963.48. Following the sale, the insider directly owned 249,795 shares of the company's stock, valued at $11,720,381.40. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kinetik Price Performance
KNTK traded down $0.16 during trading on Friday, reaching $45.57. 974,173 shares of the company's stock were exchanged, compared to its average volume of 1,806,309. Kinetik Holdings Inc. has a 1 year low of $31.33 and a 1 year high of $54.94. The stock has a market capitalization of $7.36 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70. The company's fifty day simple moving average is $40.62 and its 200-day simple moving average is $39.07.
Kinetik (NYSE:KNTK - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $0.15 by $2.01. The business had revenue of $430.42 million during the quarter. Kinetik had a net margin of 29.23% and a negative return on equity of 32.70%. The business's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share.
Analyst Upgrades and Downgrades
KNTK has been the topic of several analyst reports. Wall Street Zen raised Kinetik from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Wolfe Research cut Kinetik from an "outperform" rating to a "peer perform" rating in a report on Tuesday, January 27th. Scotiabank upped their target price on Kinetik from $48.00 to $49.00 and gave the stock a "sector outperform" rating in a research note on Thursday. Wells Fargo & Company raised their target price on Kinetik from $40.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group decreased their price target on Kinetik from $46.00 to $40.00 and set a "buy" rating for the company in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.55.
View Our Latest Stock Analysis on KNTK
Institutional Investors Weigh In On Kinetik
A number of institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Kinetik by 22.4% during the 4th quarter. Invesco Ltd. now owns 1,775,216 shares of the company's stock valued at $63,997,000 after acquiring an additional 325,251 shares during the period. Vident Advisory LLC raised its holdings in Kinetik by 0.8% in the 4th quarter. Vident Advisory LLC now owns 61,246 shares of the company's stock worth $2,208,000 after purchasing an additional 500 shares during the period. Yaupon Capital Management LP purchased a new position in Kinetik during the fourth quarter worth approximately $5,698,000. Zimmer Partners LP purchased a new position in Kinetik during the fourth quarter worth approximately $98,611,000. Finally, Virtus Investment Advisers LLC acquired a new stake in Kinetik in the fourth quarter valued at approximately $170,000. 21.11% of the stock is currently owned by institutional investors and hedge funds.
Kinetik News Roundup
Here are the key news stories impacting Kinetik this week:
- Positive Sentiment: Big earnings beat and upbeat outlook — Kinetik reported a large Q (Feb) EPS beat and revenue growth, and Citi lifted its target following the results, supporting upside expectations. Citi Lifts Kinetik Holdings (KNTK) Target Following Earnings Beat and Positive Outlook
- Positive Sentiment: Scotiabank raised its price target to $49 and assigned a "sector outperform" rating, implying further upside from current levels. Benzinga
- Positive Sentiment: Additional analyst target lift — American Banking News / other outlets reported a higher $51 price target, adding to upgrade momentum from brokers. Kinetik (NYSE:KNTK) Price Target Raised to $51.00
- Neutral Sentiment: Barclays nudged its target up to $43 but kept an "equal weight" rating, signaling limited conviction — this is less bullish relative to other banks and implies potential sideways pressure. Benzinga
- Negative Sentiment: Insider selling: three executives (Matthew Wall, Steven Stellato and Trevor Howard) sold small stakes (each ~0.5–0.7% reductions) at ~ $46.92 per share on Mar 4 — the volumes and % changes are modest but can weigh on near-term sentiment. Insider Form 4 (Matthew Wall)
Kinetik Company Profile
(
Get Free Report)
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.
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