Finally, Zacks upgraded the shares of Kinder Morgan to “Hold” rating in a June 8 report. In a report issued on August 20, Jefferies Co. analyst Christopher Sighinolfi maintained a Hold rating on KMI, with a price target of $39, which implies an upside of 30.6% from current levels. They issued a “buy” rating and a $49.00 target price on the stock. “This extension allows Kinder Morgan to align our transportation solution with shipper interests based on the feedback we’ve received on the project”. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The 52-week low of the share price is $28.5. The shares were sold at an average price of $35.06, for a total transaction of $615,863.96.
Out of 15 analysts covering Kinder Morgan, 13 rate it “Buy”, 0 “Sell”, while 2 “Hold”. Deutsche Bank assumed coverage on shares of Kinder Morgan in a research report on Monday, May 18th. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The stock now has an average rating of “Buy” and an average price target of $45.41. The disclosure for this sale can be found here.
Kinder Morgan Inc (NYSE:KMI) hedge funds sentiment decreased to 1.18 in Q2 2015. 5,050,477 shares of the company traded hands. The stock has a market cap of $66.00 billion and a price-to-earnings ratio of 42.65. The stock’s 50-day moving average is $32.48 and its 200-day moving average is $38.14. The company has a 52-week high of $44.71. Kinder Morgan’s revenue was down 12.0% on a year-over-year basis.
WTI crude is down 1.61% to $43.91 per barrel, while Brent crude is falling 3.41% to $46.50 per barrel this afternoon, according to the CNBC.com index. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was down 12.0% compared to the same quarter previous year.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kean Steven J, CEO of Kinder Morgan, Inc., executed a transaction worth $241,275 on August 21, 2015.
Travelers Companies Inc. is another very bullish institutional investor who is owning 1.64 million shares of Kinder Morgan Inc or 16.62% of their stocks portfolio. Kinder Morgan expects $5.3 billion of its budgeted earnings of $8.2 billion to come from take-or-pay contracts. The Natural Gas Pipelines segment contains interstate and intrastate pipelines and its particular liquefied natural gas (LNG) terminals. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Terminals segment comprises the businesses of its own petroleum, chemical, ethanol along with other liquids terminal facilities and each of its own coal, petroleum coke, fertilizer, steel, ores and other dry-bulk substance services facilities.