As of Friday close, Kinder Morgan Inc.’s (NYSE:KMI) stock was down -$0.1, moving down -0.57 percent to $17.36. The average number of shares traded per day over the past five days has been 11,029,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 12,708,650, while in the previous 50 days, it was 13,502,806.
Since last month, KMI stock rose 2.97%. Shares of the company fell to $16.76 on 07/07/23, the lowest level in the past month. A 52-week high of $19.35 was reached on 01/17/23 after having rallying from a 52-week low of $16.00. Since the beginning of this year, KMI’s stock price has dropped by -3.98% or -$0.72, and marked a new high 8 times. However, the stock has declined by -10.31% since its 52-week high.
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KMI stock investors should be aware that Kinder Morgan Inc. (KMI) stock had its last reported insider trading activity 11 days ago on Jul 25. Schlosser John W, the V.P. (President, Terminals) of the company, disposed of 1,500 shares for $18.09 on Jul 25. It resulted in a $27,142 divestment by the insider. Schlosser John W sold 7,500 shares at an average price of $18.00 on Jul 24. The insider now owns 12,219 shares following the transaction. On Feb 15, VP (President, CO2 and ETV) ASHLEY ANTHONY B sold 13,232 shares at $18.14 apiece. The transaction was valued at $240,030.
Valuation Metrics
Right now, Kinder Morgan Inc. (KMI) has a P/E ratio of about 15.63. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 2.29, the price-to-book (PB) ratio of 1.27, and the price-to-cash flow ratio of 50.05 may also be considered.
The latest dividend of $0.2825 per share was paid out, remained unchanged from last year’s $0.2825. On Wednesday April 19 2023, a $0.0050 dividend increase was announced.
Financial Health
In the three months ended June 29, Kinder Morgan Inc.’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.94, and the total debt-to-equity ratio was 1.03. On the profitability front, the trailing twelve-month gross margin is 44.00% percent. In the year ended June 29, EBITDA margin amounted to 33.81%, whereas operating margins totaled 24.80%. Based on annual data, KMI earned $4.07 billion in gross profit and brought in $19.2 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 8.10%.
In Kinder Morgan Inc.’s quarter-end financial report for June 29, it reported total debt of $28.63 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KMI’s revenue fell -47.13% to $3.89 billion during the quarter, while net income inched up to $3.5 billion. While analysts expected Kinder Morgan Inc. to report $0.24 quarterly earnings, the actual figure was $0.26 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $1.61 billion in EBITDA. The liabilities of Kinder Morgan Inc. were 37.16 billion at the end of its most recent quarter ended June 29, and its total debt was $31.78 billion. The value of shareholders’ equity is $2.23 billion.
Technical Picture
This quick technical analysis looks at Kinder Morgan Inc.’s (KMI) price momentum. With a historical volatility rate of 10.12%, the RSI 9-day stood at 44.16% on 04 August.
With respect to its five-day moving average, the current Kinder Morgan Inc. price is down by -1.20% percent or -$0.21. At present, KMI shares trade +2.60% above its 20-day simple moving average and +3.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.96% above its SMA50 and -0.80% below its SMA200.
Stochastic coefficient K was 26.29% and Stochastic coefficient D was 32.16%, while ATR was 0.31. Given the Stochastic reading of 23.58% for the 14-day period, the RSI (14) reading has been calculated as 48.86%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.25.
Analyst Ratings
Wolfe Research upgraded its rating on Kinder Morgan Inc. (NYSE: KMI) to a Peer perform in a note to investors on July 12, 2023. The analysts firm previously had an Underperform rating on the stock.Kinder Morgan Inc. (KMI) has been rated Hold by analysts. According to 1 brokerage firm, KMI is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Kinder Morgan Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $18.00 – $23.00. Based on these forecasts, analysts predict Kinder Morgan Inc. (KMI) will achieve an average price target of $20.36.
