Scotiabank Lowers Price Target for Kinetik Holdings to $55.00, Maintains Sector Outperform Rating.

Scotiabank analyst Brandon Bingham has maintained a "Sector Outperform" rating for Kinetik Holdings (KNTK) with a lowered price target from $57.00 to $55.00 USD, a 3.51% decrease. The average target price for KNTK is $52.18, with a high estimate of $67.00 and a low estimate of $43.00, indicating a 27.77% upside from the current price of $40.84. The average brokerage recommendation is 2.3, indicating "Outperform" status.

In a recent development, Scotiabank analyst Brandon Bingham has maintained a "Sector Outperform" rating for Kinetik Holdings (KNTK) while lowering its price target from $57.00 to $55.00 USD, a 3.51% decrease. This move reflects the analyst's assessment of the company's mixed second-quarter 2025 earnings report and the impact of project delays on the company's outlook [1].

Kinetik Holdings, a midstream energy company with a market capitalization of $6.78 billion, reported earnings per share (EPS) of $0.33, which exceeded analysts' expectations by 32%. However, the company's revenue fell short of expectations at $426.74 million, compared to the anticipated $436.91 million. The company cited ongoing cost and commodity margin headwinds, as well as a modest delay to its Kings Landing 1 processing project, for the reduced outlook [1].

Goldman Sachs, another major analyst, also lowered its price target for Kinetik Holdings from $49.00 to $47.00, maintaining a "Buy" rating. The company's 2025 EBITDA guidance was lowered to $1,030-1,090 million from the previous $1,090-1,150 million. Despite the reduced outlook, Goldman Sachs sees a reasonable growth trajectory for Kinetik as it captures a larger share of Northern Delaware production and implements cost-saving initiatives [1].

The average price target for KNTK is $52.18, with a high estimate of $67.00 and a low estimate of $43.00, indicating a 27.77% upside from the current price of $40.84. The average brokerage recommendation is 2.3, indicating an "Outperform" status [2].

Institutional investors have also shown interest in Kinetik Holdings. Eagle Global Advisors LLC recently acquired 132,637 shares of the company's stock, valued at approximately $6.89 million, representing about 0.08% of the company's stock [3].

References:
[1] https://ca.investing.com/news/analyst-ratings/goldman-sachs-lowers-kinetik-holdings-stock-price-target-on-project-delay-93CH-4157108
[2] https://www.benzinga.com/insights/analyst-ratings/25/08/47118896/kinder-morgan-stock-a-deep-dive-into-analyst-perspectives-8-ratings
[3] https://www.marketbeat.com/instant-alerts/filing-eagle-global-advisors-llc-purchases-shares-of-132637-kinetik-holdings-inc-nysekntk-2025-08-11/