<div id="readability-page-1"><p><span>Kinetik (NYSE:KNTK - Get Free Report)</span> had its target price decreased by analysts at Citigroup  from $55.00 to $46.00 in a report released on Friday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the stock. Citigroup's target price suggests a potential upside of 42.06% from the stock's current price.</p><p>Several other brokerages have also weighed in on KNTK. Wall Street Zen lowered Kinetik from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Sunday, September 28th. The Goldman Sachs Group lowered their target price on shares of Kinetik from $46.00 to $40.00 and set a &#34;buy&#34; rating on the stock in a research report on Monday. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Kinetik in a research note on Wednesday, October 8th. Barclays reduced their target price on shares of Kinetik from $43.00 to $40.00 and set an &#34;equal weight&#34; rating for the company in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price target on Kinetik from $52.00 to $46.00 and set an &#34;outperform&#34; rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $47.90.</p><p><b>Check Out Our Latest Stock Report on Kinetik</b></p><h2>Kinetik Price Performance</h2><p>Shares of Kinetik stock traded up $0.70 during trading on Friday, hitting $32.38. 1,054,126 shares of the stock were exchanged, compared to its average volume of 1,128,696. The firm's 50-day moving average price is $38.66 and its 200 day moving average price is $41.32. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 77.10, a price-to-earnings-growth ratio of 1.77 and a beta of 3.07. Kinetik has a 12-month low of $31.33 and a 12-month high of $67.60. </p><p>Kinetik (NYSE:KNTK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.20). The business had revenue of $463.97 million during the quarter, compared to analyst estimates of $604.57 million. Kinetik had a net margin of 6.70% and a negative return on equity of 5.74%. The firm's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. </p><h2>Insider Buying and Selling at Kinetik</h2><p>In other news, insider Jamie Welch purchased 8,000 shares of the company's stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $34.57 per share, for a total transaction of $276,560.00. Following the completion of the purchase, the insider directly owned 3,687,791 shares in the company, valued at $127,486,934.87. The trade was a 0.22% increase in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. 3.83% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Kinetik</h2><p>A number of institutional investors have recently added to or reduced their stakes in KNTK. Bell Investment Advisors Inc purchased a new position in shares of  Kinetik during the 1st quarter worth approximately $41,000.  Aster Capital Management DIFC Ltd purchased a new position in shares of  Kinetik in the 3rd quarter valued at about $54,000.  Advisory Services Network LLC acquired a new stake in shares of  Kinetik in the third quarter valued at about $55,000.  Chung Wu Investment Group LLC purchased a new stake in  Kinetik during the second quarter worth about $56,000.  Finally, Fifth Third Bancorp increased its holdings in  Kinetik by 269.2% in the third quarter. Fifth Third Bancorp now owns 1,569 shares of the company's stock valued at $67,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own  21.11% of the company's stock. </p><h2>About Kinetik</h2> (Get Free Report)<p>Kinetik Holdings Inc operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas. </p><h2>Read More</h2><ul><li>Five stocks we like better than Kinetik</li><li>Financial Services Stocks Investing</li><li>Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?</li><li>How to Profit From Growth Investing </li><li>Cloudflare Just Broke the Internet, But It’s Still a Red-Hot Buy</li><li>Upcoming IPO Stock Lockup Period, Explained</li><li>Anthropic Just Became AI’s Hottest Ticket—Backed by Microsoft and NVIDIA</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtOVEs?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtOVEs"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Kinetik Right Now?</h2><p>Before you consider Kinetik, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinetik wasn't on the list.</p><p>While Kinetik currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

KNTK

<p>Citigroup lowered Kinetik's price target from $55 to $46, maintaining a "buy" rating. Other brokerages have varied ratings, with some downgrading Kinetik. The stock has a "Moderate Buy" consensus and a $47.90 average price target. Kinetik's shares rose to $32.38, with a market cap of $5.23 billion. Insider Jamie Welch bought 8,000 shares, and institutional investors have adjusted their stakes. Kinetik operates in the Texas Delaware Basin, providing midstream services.</p>

Citigroup Lowers Kinetik (NYSE:KNTK) Price Target to $46.00