Kinder Morgan Target of Unusually Large Options Trading (KMI)
Shares of Kinder Morgan (NYSE:KMI) were the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 4,171 put options on the stock, StockRatingsNetwork reports. This is an increase of approximately 169% compared to the average volume of 1,548 put options.
In other Kinder Morgan news, Director Fayez Sarofim acquired 200,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $33.49 per share, with a total value of $6,698,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on KMI. Analysts at Goldman Sachs upgraded shares of Kinder Morgan from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, May 15th. They now have a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, April 23rd. They now have a $35.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Kinder Morgan to $40.00 in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.29.
Kinder Morgan (NYSE:KMI) traded up 0.68% during mid-day trading on Wednesday, hitting $34.05. 5,532,433 shares of the company’s stock traded hands. Kinder Morgan has a 1-year low of $30.81 and a 1-year high of $40.45. The stock has a 50-day moving average of $33.15 and a 200-day moving average of $33.62. The company has a market cap of $35.000 billion and a price-to-earnings ratio of 29.59.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.06. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.86 billion. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that Kinder Morgan will post $1.36 EPS for the current fiscal year.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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