11 Oversold Growth Stocks to Buy Now

7. Kinetik Holdings Inc. (NYSE:KNTK)

RSI: 39.41

Estimated average analysts’ upside: 31.61%

Last 5 years revenue CAGR: 92.80%

Number of Hedge Fund Holders: 34

​Kinetik Holdings Inc. (NYSE:KNTK) is a midstream energy company that provides natural gas gathering, processing, compression, and transportation services. KNTK operates in the Delaware Basin of West Texas and New Mexico.

The year 2024 for Kinetik Holdings Inc. (NYSE:KNTK) was marked by strategic M&A activities and organic growth, including the expansion of its footprint across the Delaware basin. The company reported record volume growth with average gas processed volumes of 1.64 billion cubic feet per day, up 13% YoY, and adjusted EBITDA of $971 million, representing a 16% increase on a YoY basis. Notable achievements included the acquisition of Durango Permian, their largest transaction since February 2022, and a 15-year gas gathering and processing agreement in Eddy County, which helped reduce leverage to 3.4 times.

Looking ahead to 2025, Kinetik Holdings Inc. (NYSE:KNTK) provided guidance for adjusted EBITDA to grow 15% YoY at mid-point. The company expects approximately 20% growth in gas processed volumes across its system, outpacing broader Permian growth. Management has demonstrated confidence in long-term growth potential, targeting a 10% EBITDA CAGR over the next 5 years while maintaining their disciplined capital allocation framework. This growth trajectory, coupled with its strategic positioning in the Delaware Basin, reinforces KNTK’s position as one of the best oversold growth stocks on our list.