Kinder Morgan Inc (NYSE: KMI)’s stock price has plunge by -0.52relation to previous closing price of 21.11. Nevertheless, the company has seen a -0.10% plunge in its stock price over the last five trading sessions. marketbeat.com reported 2024-08-15 that Recent economic data is reigniting talk about a soft landing for the economy. That means that the Federal Reserve’s monetary policy regarding interest rates is neither too restrictive nor too loose.
Is It Worth Investing in Kinder Morgan Inc (NYSE: KMI) Right Now?
Kinder Morgan Inc (NYSE: KMI) has a price-to-earnings ratio of 19.18x 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.”
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The public float for KMI is 1.94B and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of KMI on August 16, 2024 was 14.37M shares.
KMI’s Market Performance
KMI’s stock has seen a -0.10% decrease for the week, with a -0.24% drop in the past month and a 7.14% gain in the past quarter. The volatility ratio for the week is 1.36%, and the volatility levels for the past 30 days are at 2.12% for Kinder Morgan Inc The simple moving average for the past 20 days is -0.45% for KMI’s stock, with a 13.83% simple moving average for the past 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 2.93% 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 -3.93% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares sank -2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.39% upper at present.
During the last 5 trading sessions, KMI rose by +0.17%, which changed the moving average for the period of 200-days by +30.53% in comparison to the 20-day moving average, which settled at $21.07. In addition, Kinder Morgan Inc saw 19.05% 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 Sanders Dax, who sale 51,340 shares at the price of $21.00 back on Aug 14 ’24. After this action, Sanders Dax now owns 256,069 shares of Kinder Morgan Inc, valued at $1,078,155 using the latest closing price.
Sanders Dax, the VP (Pres., Products Pipelines) of Kinder Morgan Inc, sale 1,729 shares at $21.00 during a trade that took place back on Aug 13 ’24, which means that Sanders Dax is holding 307,409 shares at $36,309 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 5.09. 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 mixed 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.
