Looking To Buy Kinder Morgan Inc. (KMI)? Read This First

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Kinder Morgan Inc. (NYSE:KMI) saw an upside of 0.64% to close Monday at $18.76 after adding $0.12 on the day. The 5-day average trading volume is 15,230,820 shares of the company’s common stock. It has gained $19.09 in the past week and touched a new high 1 time within the past 5 days. An average of 11,513,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 13,680,540.

KMI’s 1-month performance is 6.53% or $0.62 on its low of $17.85 reached on 01/04/23. The company’s shares have touched a 52-week low of $15.77 and high of $20.20, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, KMI has achieved 3.76% or $0.68 and has reached a new high 8 times. However, the current price is down -7.13% from the 52-week high price.

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Insider Transactions

KMI stock investors last saw insider trading activity on Dec 27.Schlosser John W (V.P. (President, Terminals)) most recently sold 1,500 shares at $18.18 per share on Dec 27. This transaction cost the insider $27,268. V.P. (President, Terminals), Schlosser John W, sold 1,500 shares at a price of $18.70 on Nov 25. Then, on Oct 27, V.P. (President, Terminals) Schlosser John W sold 1,500 shares at a price of $18.00 per share. This transaction amounted to $27,000.

Valuation Metrics

KMI stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.40 while the price-to-book (PB) in the most recent quarter is 1.37, with the price to cash flow ratio at 40.32.

Kinder Morgan Inc.’s quick ratio for the period ended December 30 was 0.50, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.95, while the total debt to equity was 1.03. In terms of profitability, the gross margin trailing 12 months is 39.80%. The firm’s gross profit as reported stood at $2.92 billion against revenue of $16.61 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 14.06% to $576.0 million, while revenue of $635.0 million was -10.24% off the previous quarter. Analysts expected KMI to announce $0.3 per share in earnings in its latest quarter, but it posted $0.31, representing a 3.30% surprise. EBITDA for the quarter stood at more than $1.5 billion. KMI stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 37.86 billion, with total debt at $31.79 billion. Shareholders hold equity totaling $2.25 billion.

Let’s look briefly at Kinder Morgan Inc. (KMI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 57.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.16%.

The stock’s 5-day moving average is $18.67, reflecting a -0.48% or -$0.09 change from its current price. KMI is currently trading +4.92% above its 20-day SMA, -0.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.46% and SMA200 by-0.85%.

Stochastic %K and %D was 69.61% and 64.08% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 56.76%, while the 14-day stochastic is at 73.09% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.12 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Kinder Morgan Inc. (NYSE: KMI), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for KMI stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate KMI as a “sell,”, while 17 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is KMI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $18.00 and a high of $24.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Kinder Morgan Inc. (KMI) stock is $19.95.

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