Jefferies raises Kinetik stock price target to $50 on marketing strength

Investing.com - Jefferies raised its price target on Kinetik Holdings, Inc. (NYSE:KNTK) to $50.00 from $49.00 while maintaining a Hold rating on the stock. The stock currently trades at $46.97, near its 52-week high of $49.55, following a strong 33.5% gain over the past six months.

The firm expects near-term curtailments to be largely offset by Waha-USGC marketing, despite further deterioration in Waha prices.

Jefferies said this could support a beat-and-raise narrative for fiscal year 2026. The firm noted that contract changes further mitigate downside risk.

The analyst said a longer-term entrenched higher crude backdrop would improve the growth narrative. Consolidation synergy potential provides a valuation floor, according to the firm.

Jefferies raised its estimates for the company and sees risk/reward skewing modestly positive.

In other recent news, Kinetik Holdings Inc. reported impressive earnings per share (EPS) of $2.16 for the fourth quarter of 2025, significantly surpassing the forecasted $0.33. However, the company’s revenue of $430.42 million fell short of the expected $476.77 million. Despite this revenue miss, the substantial EPS surprise of 554.55% reflects a strong profitability performance. In other developments, Wells Fargo upgraded Kinetik Holdings’ stock rating to Overweight from Equal Weight, citing the expected improvement in Waha pricing as a positive factor. Additionally, RBC Capital raised its price target for Kinetik to $49.00 from $46.00, maintaining an Outperform rating, though it noted potential near-term challenges related to Waha price-related shut-ins. Furthermore, Kinetik Holdings announced an amendment to its accounts receivable securitization facility, extending its termination date to March 30, 2027. These recent developments highlight the company’s strategic moves and market positioning.

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