Kinetik (KNTK)

• Market cap: $3.45B
• 1 day: 5.85%
• 5 days: 1.76%
• 1 month: -4.67%
• 3 months: 26.06%
• 6 months: 43.65%
• Year to date: 71.45%
• 1 year: 72.99%
• 5 years: 87.05%
• 10 years: 87.05%
• Sector: Utilities
• Industry: Natural Gas Transmission

About: Kinetik is a midstream operator that provides gathering and processing services to gas and oil producers as well as pipeline transportation. It operates exclusively in Texas, serving the Permian Basin and connecting fields with market hubs and other large pipelines. In addition to directly operating pipelines, Kinetik also holds ownership stakes in several pipelines that transport molecules to the Gulf Coast enabling it to obtain exposure to export markets and international demand.

Employees: 330

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

225% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 16

151% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $4.26M

35% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 65

19% more funds holding

Funds holding: 192 [Q2] → 228 (+36) [Q3]

1% more capital invested

Capital invested by funds: $2.29B [Q2] → $2.3B (+$12.6M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

7.37% less ownership

Funds ownership: 92.42% [Q2] → 85.05% (-7.37%) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 19% downside
• Avg. target: $56 4% downside
• High target: $61 6% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Goldman Sachs John Mackay 77% 1-year accuracy 17 / 22 met price target	6% upside $61	Buy Maintained	19 Dec 2024
Wells Fargo Michael Blum 75% 1-year accuracy 24 / 32 met price target	4% upside $60	Equal-Weight Maintained	18 Dec 2024
Citigroup Spiro Dounis 77% 1-year accuracy 24 / 31 met price target	0% upside $58	Neutral Maintained	16 Dec 2024
Mizuho Gabriel Moreen 95% 1-year accuracy 35 / 37 met price target	5% downside $55	Outperform Maintained	24 Oct 2024
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target	10% downside $52	Outperform Maintained	16 Oct 2024