UBS analyst Manav Gupta initiated coverage of Kinetik Holdings (KNTK) with a Neutral rating and $49 price target Kinetik is an integrated midstream energy company in the Permian Basin providing gathering, transportation, compression, processing and treating services, the analyst tells investors in a research note. The firm says that while the company’s near-term growth is locked in, it is concerned about medium to longer term growth given weaker crude and natural gas liquids prices due to dual headwinds of OPEC raising volumes and impact of tariffs.
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Read More on KNTK:
- Kinetik Holdings price target raised to $58 from $57 at Barclays
- Kinetik Holdings price target lowered to $57 from $60 at Scotiabank
- Kinetik Holdings upgraded to Overweight from Hold at US Capital Advisors
- Kinetik Holdings files to sell 11.52M shares of Class A common stock for holders
- Kinetik Holdings price target lowered to $63 from $67 at RBC Capital
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