The stock of Kinder Morgan Inc. (NYSE:KMI) decreased by -$0.11 on Friday to finish at $17.67, down -0.60 percent. The last five days have seen an average of 9,912,159 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.42. The average number of shares traded over the last 20 days was 11,944,455, while the average volume over the last 50 days totaled 12,879,900.
KMI stock appreciated 2.69% since last month. On 07/18/23, the company’s shares reached a one-month low of $17.07. The stock touched a high of $19.35 on 01/17/23, after rallying from a low of $16.00 in 52 weeks. The price of KMI stock has declined by -2.25% or -$0.42 this year, reaching a new high 8 times. Still, the stock price is down -8.69% from the 52-week high.
Insider Transactions
KMI stock investors should be aware that Kinder Morgan Inc. (KMI) stock had its last reported insider trading activity 10 days ago on Aug 04. On Aug 04, V.P. (Pres.,Nat Gas Pipelines) Mody Sital K sold 55,849 shares at $17.36 each. This transaction resulted in the insider making $969,578. On Jul 25, Schlosser John W sold 1,500 shares at a price of US$18.09. After the transaction, the insider now owns 10,719 shares. V.P. (President, Terminals) Schlosser John W had earlier sold 7,500 shares on Jul 24 for $18.00 a share. The transaction was completed for $135,000.
Valuation Metrics
Kinder Morgan Inc. (KMI) has a trailing price-to-earnings (P/E) ratio of 15.91. Beta for the stock is 0.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 11.76.
Company paid $0.2825 per share in dividends, remained unchanged from $0.2825 last year. A $0.0050 dividend increase was reported on Wednesday April 19 2023.
Financial Health
For the three months ended June 29, Kinder Morgan Inc.’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.94, and the total debt to equity ratio is 1.03. As far as profitability goes, gross margin for the trailing twelve months is 44.00% percent. Kinder Morgan Inc.’s EBITDA margin for the year ended June 29 was 33.81%, whereas its operating margin stood at 24.80% for the same period. Based on annual data, it had gross profit of $4.07 billion and revenue of $19.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KMI’s return on assets (ROA) during the last 12 months has been 3.60%. There was a 5.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.10%.
Earnings Surprise
According to Kinder Morgan Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.5 billion, while revenues fell by -47.13% to $3.89 billion. It was predicted that Kinder Morgan Inc.’s quarterly earnings would be $0.26, but it ended up being $0.24, beating the consensus by 8.30%. EBITDA was $1.61 billion for the quarter. At the end of Kinder Morgan Inc.’s most recent quarter ended June 29, its liabilities totaled 37.16 billion, while its total debt was $31.78 billion. Equity owned by shareholders amounts to $2.23 billion.
Technical Picture
Here’s a quick look at Kinder Morgan Inc.’s (KMI) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 55.33%, suggesting the stock is Neutral, with a 11.57% historical volatility rate.
The stochastic %K and %D were 51.33% and 44.04% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 54.95%, the RSI (14) reading is 55.27%. On the 9-day MACD Oscillator, the stock is at 0.15, and the 14-day reading is at 0.08.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Kinder Morgan Inc. (NYSE: KMI) to a Peer perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Kinder Morgan Inc. (KMI) an Hold rating. KMI is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is KMI’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $23.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Kinder Morgan Inc. (KMI) is $20.36.
