Kinder Morgan Inc (NYSE: KMI) has a price-to-earnings ratio of 18.80x that is above its average ratio. Additionally, the 36-month beta value for KMI is 0.92. 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 1.94B and currently, short sellers hold a 2.26% ratio of that float. The average trading volume of KMI on August 02, 2024 was 14.13M shares.
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KMI) stock’s latest price update
Kinder Morgan Inc (NYSE: KMI)’s stock price has gone decline by -2.30 in comparison to its previous close of 21.07, however, the company has experienced a -3.67% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-02 that Kinder Morgan (KMI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
KMI’s Market Performance
Kinder Morgan Inc (KMI) has seen a -3.67% fall in stock performance for the week, with a 3.13% gain in the past month and a 11.51% surge in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.80% for KMI. The simple moving average for the last 20 days is -1.01% for KMI’s stock, with a simple moving average of 12.77% for the last 200 days.
Analysts’ Opinion of KMI
Many brokerage firms have already submitted their reports for KMI stocks, with Argus repeating the rating for KMI by listing it as a “Buy.” The predicted price for KMI in the upcoming period, according to Argus is $24 based on the research report published on July 19, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see KMI reach a price target of $22, previously predicting the price at $18. The rating they have provided for KMI stocks is “Overweight” according to the report published on June 04th, 2024.
Truist gave a rating of “Hold” to KMI, setting the target price at $20 in the report published on March 25th of the current year.
KMI Trading at 2.43% 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 unable to rebound, for now settling with -5.83% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.74% upper at present.
During the last 5 trading sessions, KMI fell by -3.25%, which changed the moving average for the period of 200-days by +19.65% in comparison to the 20-day moving average, which settled at $20.83. In addition, Kinder Morgan Inc saw 16.70% 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 MARTIN THOMAS A, who proposed sale 100,000 shares at the price of $21.13 back on Aug 01 ’24. After this action, MARTIN THOMAS A now owns shares of Kinder Morgan Inc, valued at $2,113,000 using the latest closing price.
SITAL K MODY, the Officer of Kinder Morgan Inc, proposed sale 25,169 shares at $21.13 during a trade that took place back on Aug 01 ’24, which means that SITAL K MODY is holding shares at $531,821 based on the most recent closing price.
Stock Fundamentals for KMI
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.45 for the gross margin
The net margin for Kinder Morgan Inc stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 7.99, with 3.48 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 0.21. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is 6.49 billion with net debt to EBITDA at 4.81. When we switch over and look at the enterprise to sales, we see a ratio of 5.03. The receivables turnover for the company is 11.89for 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 0.37.
Conclusion
In conclusion, Kinder Morgan Inc (KMI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
