Kinder Morgan Inc (NYSE: KMI) has a higher price-to-earnings ratio of 22.56x compared to its average ratio, The 36-month beta value for KMI is at 0.92. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for KMI is 1.94B, and currently, shorts hold a 2.06% of that float. The average trading volume for KMI on October 14, 2024 was 13.94M shares.
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KMI) stock’s latest price update
Kinder Morgan Inc (NYSE: KMI) has seen a rise in its stock price by 4.13 in relation to its previous close of 23.72. However, the company has experienced a 4.57% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-12 that The world will need a lot more natural gas in the coming years.
KMI’s Market Performance
Kinder Morgan Inc (KMI) has experienced a 4.57% rise in stock performance for the past week, with a 17.96% rise in the past month, and a 22.46% rise in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 1.74% for KMI. The simple moving average for the past 20 days is 9.44% for KMI’s stock, with a 27.34% simple moving average for the past 200 days.
Analysts’ Opinion of KMI
Many brokerage firms have already submitted their reports for KMI stocks, with BofA Securities repeating the rating for KMI by listing it as a “Buy.” The predicted price for KMI in the upcoming period, according to BofA Securities is $27 based on the research report published on October 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see KMI reach a price target of $24. The rating they have provided for KMI stocks is “Equal-Weight” according to the report published on September 16th, 2024.
Argus gave a rating of “Buy” to KMI, setting the target price at $24 in the report published on July 19th of the current year.
KMI Trading at 13.91% 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 3.63% of gains for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +16.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.23% upper at present.
During the last 5 trading sessions, KMI rose by +4.57%, which changed the moving average for the period of 200-days by +38.38% in comparison to the 20-day moving average, which settled at $22.57. In addition, Kinder Morgan Inc saw 40.02% 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 5.63. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
