Kinder Morgan Inc (NYSE: KMI)’s stock price has surge by 3.46relation to previous closing price of 18.21. Nevertheless, the company has seen a 3.92% surge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-20 that AI data centers require a lot of power. They could drive significant demand for electricity by 2030, which natural gas will likely help supply.
Is It Worth Investing in Kinder Morgan Inc (NYSE: KMI) Right Now?
The price-to-earnings ratio for Kinder Morgan Inc (NYSE: KMI) is above average at 17.17x. The 36-month beta value for KMI is also noteworthy at 0.88. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for KMI is 1.93B, and at present, short sellers hold a 2.29% of that float. The average trading volume of KMI on April 22, 2024 was 14.00M shares.
KMI’s Market Performance
The stock of Kinder Morgan Inc (KMI) has seen a 3.92% increase in the past week, with a 4.49% rise in the past month, and a 9.53% gain in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 1.63% for KMI. The simple moving average for the past 20 days is 3.51% for KMI’s stock, with a 8.79% simple moving average for the past 200 days.
Analysts’ Opinion of KMI
Many brokerage firms have already submitted their reports for KMI stocks, with Truist repeating the rating for KMI by listing it as a “Hold.” The predicted price for KMI in the upcoming period, according to Truist is $20 based on the research report published on March 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see KMI reach a price target of $20. The rating they have provided for KMI stocks is “Buy” according to the report published on October 06th, 2023.
KMI Trading at 6.49% from the 50-Day Moving Average
After a stumble in the market that brought KMI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.64% of gains for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +4.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.15% upper at present.
During the last 5 trading sessions, KMI rose by +3.92%, which changed the moving average for the period of 200-days by +10.30% in comparison to the 20-day moving average, which settled at $18.24. In addition, Kinder Morgan Inc saw 6.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KMI starting from Schlosser John W, who sale 7,500 shares at the price of $18.00 back on Jan 03 ’24. After this action, Schlosser John W now owns 3,219 shares of Kinder Morgan Inc, valued at $135,000 using the latest closing price.
Sanders Dax, the VP (Pres., Products Pipelines) of Kinder Morgan Inc, sale 50,000 shares at $17.63 during a trade that took place back on Dec 08 ’23, which means that Sanders Dax is holding 309,069 shares at $881,610 based on the most recent closing price.
Stock Fundamentals for KMI
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.49 for the gross margin
The net margin for Kinder Morgan Inc stands at 0.16. The total capital return value is set at 0.06. Equity return is now at value 7.99, with 3.50 for asset returns.
Based on Kinder Morgan Inc (KMI), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 3.6.
Currently, EBITDA for the company is 6.49 billion with net debt to EBITDA at 5.39. When we switch over and look at the enterprise to sales, we see a ratio of 4.83. The receivables turnover for the company is 10.89for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In summary, Kinder Morgan Inc (KMI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
