Kinder Morgan Short Interest Up 250.9% in August (KMI)
Shares of Kinder Morgan (NYSE:KMI) were the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 51,941,723 shares, an increase of 250.9% from the July 31st total of 14,804,336 shares, Analyst Ratings.Net reports. Based on an average daily volume of 27,235,910 shares, the days-to-cover ratio is presently 1.9 days. Approximately 7.9% of the shares of the stock are short sold.
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, August 19th. 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. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Buy” and an average price target of $42.20.
Kinder Morgan (NYSE:KMI) opened at 39.05 on Friday. Kinder Morgan has a one year low of $30.81 and a one year high of $42.49. The stock has a 50-day moving average of $38.54 and a 200-day moving average of $34.75. The company has a market cap of $40.152 billion and a price-to-earnings ratio of 34.50.
Kinder Morgan (NYSE:KMI) last released its earnings data on Wednesday, July 16th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters 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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