Kinder Morgan Target of Unusually Large Options Trading (KMI)
Kinder Morgan (NYSE:KMI) saw unusually large options trading activity on Friday. Investors bought 5,941 put options on the stock, StockRatingsNetwork.com reports. This is an increase of 218% compared to the average volume of 1,867 put options.
In other Kinder Morgan news, VP James E. Street acquired 2,750 shares of the stock on the open market in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $35.73 per share, for a total transaction of $98,257.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on KMI shares. Analysts at Jefferies Group initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a research note to investors on Wednesday, September 4th. They set a “hold” rating and a $38.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Kinder Morgan (NYSE:KMI) in a research note to investors on Monday, July 22nd. They now have a $47.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Kinder Morgan (NYSE:KMI) in a research note to investors on Wednesday, July 10th.
Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.00.
Kinder Morgan (NYSE:KMI) traded down 1.49% during mid-day trading on Friday, hitting $35.08. The stock had a trading volume of 7,509,428 shares. Kinder Morgan has a one year low of $31.93 and a one year high of $41.49. The stock’s 50-day moving average is $37.24 and its 200-day moving average is $38.18. The company has a market cap of $36.337 billion and a price-to-earnings ratio of 37.37.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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