Home  »  Finance   »  Kinder Morgan Inc. (KMI) Is Still Worth A Look Des...

Kinder Morgan Inc. (KMI) Is Still Worth A Look Despite -18.12% Fall From High

Kinder Morgan Inc. (NYSE:KMI) at last check was buoying at $16.54 on Friday, September 23, with a fall of -4.51% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $17.32 and 5Y monthly beta was reading 0.94 with its price kept floating in the range of $17.32 and $17.73 on the day. Company’s P/E ratio for the trailing 12 months is 16.22. Considering stock’s 52-week price range provides that KMI hit a high price of $20.20 and saw its price falling to a low level of $15.01 during that period. Over a period of past 1-month, stock came subtracting -8.31% in its value.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

With its current market valuation of $40.26 billion, Kinder Morgan Inc. is set to declare its quarterly results on Apr 19, 2022 – Apr 25, 2022. KMI Stock’s Forward Dividend of 1.11 and its yield of 6.41% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.29 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $1.19 for 2022 with estimates of that growing to $1.21 in next year. These estimates are suggesting current year growth of -9.80% for EPS and 1.70% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $4.32 billion. They suggested that in the process company could generate revenue of as low as $4.08 billion which could climb up to $4.69 billion to hit a high. The average estimate is representing an increase of 32.80% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $17.8 billion in 2022, which will be 7.10% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review KMI stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.

According to ratings assigned by 22 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 15 of them are recommending Kinder Morgan Inc. (KMI) as a Hold, while 5 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 2 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the KMI stock which is currently positioned at 0. It further provides that stock’s current price level is -9.31% away from its 20-day simple moving average and is -8.58% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 30.88 while volatility remained at 2.77% over the past week which changes to 2.29% when measuring it over the past month. Beta is valued at 0.91, while measure of average true range or ATR is currently at 0.44.

In comparing Kinder Morgan Inc. (KMI)’s stock with other industry players reveals that stock’s latest price change of -4.51% and that of 7.38% over the past 12 months is in competing position with that of Enbridge Inc. (ENB) which saw its stock price fall by -3.99% in the recent trading and went through an increase of 1.39% in past 12-month trading. Industry’s another major player Enterprise Products Partners L.P. (EPD) has fall -4.80% down in latest trading session, but over the past year has faced arise of 14.63%, while TC Energy Corporation (TRP) was also down -3.78% however its price remained floating in the red at -4.26% over the same period. Kinder Morgan Inc. has a P/E ratio of 16.22 against that of Enbridge Inc.’s 21.93 while Enterprise Products Partners L.P. is showing 11.31 for the same. On the other hand, the S&P 500 Index is down -1.85% in the early deals today while the Dow Jones Industrial was dealinglower at -1.56%.

Having a second look at Kinder Morgan Inc. (NYSE:KMI) provides that stock’s average daily trading volume for 3 months was 15.19 million, while it jumped to 19.22 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 2.27 billion.

The percentage of outstanding shares held by the insiders is 0.10% while it is 63.20% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 32.92 million which implies a short ratio of 1.89. This shows up a 1.46% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 29.39 million in the previous month. Addition of 9.21% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]