Key Points
- ISQ Global Fund II GP LLC sold 235,349 Kinetik shares at an average price of $50.52, generating approximately $11.9 million and reducing its ownership by 12.22%. Its additional sales on August 3 and 7 brought total disclosed sales to roughly $13.3 million.
- Kinetik reported strong second-quarter results, with EPS of $0.64 versus the $0.19 consensus and revenue of $581.4 million, up 36.3% year over year and above estimates.
- Despite trading near its 52-week high, Kinetik maintains a “Moderate Buy” consensus rating, with analysts’ average price target at $52.07; shares opened at $49.08 and were down 2.2%.
Kinetik Holdings Inc. (NYSE:KNTK - Get Free Report) major shareholder Isq Global Fund Ii Gp Llc sold 2,175 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $50.04, for a total transaction of $108,837.00. Following the transaction, the insider owned 1,926,719 shares in the company, valued at $96,413,018.76. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Isq Global Fund Ii Gp Llc also recently made the following trade(s):
- On Friday, August 7th, Isq Global Fund Ii Gp Llc sold 26,550 shares of Kinetik stock. The stock was sold at an average price of $50.24, for a total transaction of $1,333,872.00.
- On Thursday, August 6th, Isq Global Fund Ii Gp Llc sold 235,349 shares of Kinetik stock. The stock was sold at an average price of $50.52, for a total transaction of $11,889,831.48.
Kinetik Stock Performance
Shares of Kinetik stock opened at $49.08 on Friday. The firm has a market cap of $7.97 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The firm's 50-day simple moving average is $48.31 and its 200-day simple moving average is $46.59. Kinetik Holdings Inc. has a 1 year low of $31.33 and a 1 year high of $52.54.
Kinetik (NYSE:KNTK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.45. The business had revenue of $581.44 million during the quarter, compared to the consensus estimate of $421.48 million. Kinetik had a negative return on equity of 37.86% and a net margin of 26.19%.The company's revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Kinetik Holdings Inc. will post 0.81 earnings per share for the current year.
Kinetik News Roundup
Here are the key news stories impacting Kinetik this week:
- Positive Sentiment: Kinetik reported second-quarter earnings of $0.64 per share, far above the $0.19 analyst consensus and up from $0.33 a year earlier. Revenue rose 36.3% year over year to $581.4 million, also exceeding expectations. Kinetik Holdings Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Management’s results and commentary highlighted strong NGL recoveries, downstream optimization and dividend coverage. Planned projects—including Kings Landing II, the ECCC Pipeline and expanded Gulf Coast access—could support multiyear EBITDA growth by allowing Kinetik to monetize capacity constraints in the Permian Basin. Kinetik Holdings Monetizing the Permian’s Constraints
- Neutral Sentiment: The earnings improvement strengthens Kinetik’s fundamental outlook, but one analysis argued that the stock is still not inexpensive. Shares trade near their 52-week high, with a P/E ratio around 17, potentially limiting near-term upside unless growth continues to exceed expectations. Kinetik Better Q2 Earnings, Still Not Cheap
- Negative Sentiment: Major shareholder ISQ Global Fund II GP LLC disclosed sales totaling approximately $13.3 million across August 3, 6 and 7. The transactions reduced its reported holdings, with the largest sale involving 235,349 shares. While the sales do not change Kinetik’s operations, they may create an overhang and raise short-term concerns about insider conviction. SEC Form 4 Insider Sale Filing
Wall Street Analyst Weigh In
Several brokerages have recently commented on KNTK. Scotiabank reiterated an "outperform" rating and issued a $52.00 target price (up from $51.00) on shares of Kinetik in a research report on Tuesday, May 12th. Tudor Pickering initiated coverage on Kinetik in a research note on Monday, July 20th. They set a "buy" rating and a $57.00 price objective on the stock. Jefferies Financial Group reiterated a "hold" rating and set a $51.00 target price on shares of Kinetik in a research note on Friday, May 8th. Raymond James Financial reissued an "outperform" rating and set a $55.00 target price on shares of Kinetik in a report on Friday. Finally, US Capital Advisors raised shares of Kinetik from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.07.
Read Our Latest Report on KNTK
Institutional Trading of Kinetik
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its position in Kinetik by 89.8% during the 4th 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. Signaturefd LLC increased its position in Kinetik by 101.5% in the fourth quarter. Signaturefd LLC now owns 802 shares of the company's stock worth $29,000 after buying an additional 404 shares during the period. Kestra Advisory Services LLC acquired a new stake in Kinetik in the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in Kinetik in the fourth quarter valued at $40,000. Finally, Huntington National Bank lifted its stake in Kinetik by 139.1% in the fourth quarter. Huntington National Bank now owns 1,222 shares of the company's stock valued at $44,000 after buying an additional 711 shares during the last quarter. 21.11% of the stock is currently owned by institutional investors and hedge funds.
About Kinetik
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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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