Kinder Morgan (NYSE:KMI) had its price objective increased by research analysts at Citigroup from $15.50 to $17.00 in a research note issued on Tuesday, The Fly reports.
Several other brokerages have also recently issued reports on KMI. Raymond James cut shares of Kinder Morgan from an "outperform" rating to a "market perform" rating in a report on Monday, January 11th. Zacks Investment Research downgraded Kinder Morgan from a "hold" rating to a "sell" rating and set a $16.00 price target for the company. in a research note on Monday, January 25th. TD Securities raised their price objective on shares of Kinder Morgan from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, April 22nd. TheStreet raised shares of Kinder Morgan from a "c+" rating to a "b" rating in a report on Wednesday, April 21st. Finally, Mizuho lifted their price target on shares of Kinder Morgan from $19.00 to $20.00 in a research note on Thursday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Kinder Morgan currently has an average rating of "Hold" and a consensus target price of $16.40.
KMI traded up $0.09 during trading on Tuesday, hitting $17.00. 871,991 shares of the stock traded hands, compared to its average volume of 16,755,602. Kinder Morgan has a 12-month low of $11.45 and a 12-month high of $17.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a 50-day moving average of $16.45 and a 200 day moving average of $14.67. The firm has a market capitalization of $38.50 billion, a P/E ratio of 339.60, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Tuesday, April 20th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.36. The company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $3.02 billion. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. Kinder Morgan's revenue was up 67.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, equities analysts predict that Kinder Morgan will post 0.87 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Chiron Capital Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at approximately $25,000. Cowa LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth $25,000. ForthRight Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Carmichael Hill & Associates Inc. raised its position in shares of Kinder Morgan by 86.2% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 2,164 shares of the pipeline company's stock valued at $30,000 after buying an additional 1,002 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $31,000. 60.02% of the stock is owned by institutional investors.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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