Kinetik Holdings, Inc. (KNTK) PT Raised to $53 at RBC Capital

RBC Capital analyst Elvira Scotto raised the price target on Kinetik Holdings, Inc. (NYSE: KNTK) to $53.00 (from $50.00) while maintaining an Outperform rating.

The analyst commented: "Sour Gas is Looking Sweet; We update our estimates following KNTK's recent 1Q26 results. Waha price-related shut-ins will likely persist until incremental takeaway capacity comes online later this year, but we believe KNTK is positioned favorably to capture New Mexico sour gas production growth when prices incentivize activity. We still view KNTK as a logical takeout candidate for buyers seeking to increase equity NGL barrels and sour gas processing. We maintain our Outperform rating and increase our price target to $53 based on KL2 growth and the New Mexico sour gas opportunity."

You May Also Be Interested In

• Alphabet added to Dow Jones Industrial Average, Verizon dropped
• Globe Life (GL) PT Raised to $215 at TD Cowen
• Natera (NTRA) PT Raised to $270 at BTIG