Kinder Morgan Inc [KMI] stock is trading at $17.72, up 0.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The KMI shares have gain 3.20% over the last week, with a monthly amount glided 4.48%, and seem to be holding up well over a long-time horizon.
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On 22, January 2024, Kinder Morgan to Hold 2024 Investor Day. In a post published today on Yahoo Finance, Representatives of Kinder Morgan, Inc. (KMI) intend to make presentations in Houston, Texas on January 24, 2024 at the Kinder Morgan 2024 Investor Day regarding the company’s strategy and long-term outlook, the results for fiscal year 2023 and the financial budget for 2024.
From an analyst’s perspective:
On July 12, 2023, upgrade upgraded it’s rating to Peer Perform. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $20 on March 02, 2023. Bernstein upgraded its rating to a Outperform and raised its price target to $22 on March 01, 2023. Citigroup started tracking with a Neutral rating for this stock on December 09, 2022, and assigned it a price target of $19. In a note dated September 08, 2022, Goldman upgraded an Neutral rating on this stock but restated the target price of $19.
Kinder Morgan Inc [KMI] stock has fluctuated between $15.89 and $18.30 over the past year. Currently, Wall Street analysts expect the stock to reach $19.82 within the next 12 months. Kinder Morgan Inc [NYSE: KMI] shares were valued at $17.72 at the most recent close of the market. An investor can expect a potential return of 11.85% based on the average KMI price forecast.
Analyzing the KMI fundamentals
Kinder Morgan Inc [NYSE:KMI] reported sales of 14.97B for the trailing twelve months, which represents a drop of -3.36%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.58 points at the first support level, and at 17.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.86, and for the 2nd resistance point, it is at 17.99.
Kinder Morgan Inc [KMI] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.3/share, meaning a difference of -$0.03 and a surprise factor of -10.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.24 per share as compared to estimates of $0.26 per share, a difference of -$0.02 representing a surprise of -7.70%.
Ratios To Look Out For
For context, Kinder Morgan Inc’s Current Ratio is 0.35. On the other hand, the Quick Ratio is 0.28, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.63, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 16.66.
Transactions by insiders
Recent insider trading involved Schlosser John W, V.P. (President, Terminals), that happened on Jan 03 when 7500.0 shares were sold. VP (Pres., Products Pipelines), Sanders Dax completed a deal on Dec 08 to sell 50000.0 shares. Meanwhile, VP and Chief Admin. Officer Mathews Denise R sold 30000.0 shares on Dec 06.
