Kinder Morgan Receives Average Recommendation of “Buy” from Analysts (NYSE:KMI)
Kinder Morgan (NYSE:KMI) has been given a consensus rating of “Buy” by the thirteen analysts that are currently covering the stock, Analyst Ratings Net reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $42.20.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Kinder Morgan from $40.00 to $45.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Kinder Morgan from $37.00 to $43.00 in a research note on Thursday, August 14th. Finally, analysts at Credit Suisse raised their price target on shares of Kinder Morgan from $41.00 to $49.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock.
Shares of Kinder Morgan (NYSE:KMI) opened at 41.25 on Monday. Kinder Morgan has a 52-week low of $30.81 and a 52-week high of $42.49. The stock has a 50-day moving average of $37.49 and a 200-day moving average of $34.34. The company has a market cap of $42.414 billion and a price-to-earnings ratio of 36.27. Kinder Morgan also was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 14,804,336 shares, a drop of 16.0% from the July 15th total of 17,634,105 shares. Based on an average trading volume of 5,782,620 shares, the short-interest ratio is currently 2.6 days. Currently, 2.3% of the company’s shares are sold short.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Analysts expect that Kinder Morgan will post $1.24 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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