Kinder Morgan Inc (NYSE:KMI) shares, rose in value, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $24.51.
Actively observing the price movement in the last trading, the stock closed the session at $24.84, falling within a range of $24.35 and $24.69. The value of beta (5-year monthly) was 0.921 whereas the PE ratio was 21.54 over 12-month period. Referring to stock’s 52-week performance, its high was $25.43, and the low was $16.06. On the whole, KMI has fluctuated by 6.84% over the past month.
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With the market capitalization of Kinder Morgan Inc currently standing at about $54.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.15, with its dividend yield at 4.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.32B, with a low estimate of 3.92B and a high estimate of 4.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KMI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.96, with the price of KMI currently trading nearly 0.08% and 7.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.99, while the 7-day volatility ratio is showing 1.39% which for the 30-day chart, stands at 1.78%. Furthermore, Kinder Morgan Inc (KMI)’s beta value is 0.92, and its average true range (ATR) is 0.41.
A comparison of Kinder Morgan Inc (KMI) with its peers suggests the former has fared considerably weaker in the market. KMI showed an intraday change of -1.33% in last session, and over the past year, it grew by 51.30%%.
Data on historical trading for Kinder Morgan Inc (NYSE:KMI) indicates that the trading volumes over the past 10 days have averaged 12.09 and over the past 3 months, they’ve averaged 12.89 million. According to company’s latest data on outstanding shares, there are 2.22 billion shares outstanding.
Nearly 12.75% of Kinder Morgan Inc’s shares belong to company insiders and institutional investors own 66.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45.06 million shares as on 2024-10-15, resulting in a short ratio of 3.26. According to the data, the short interest in Kinder Morgan Inc (KMI) stood at 233.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 42.19 million. The stock has risen by 38.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KMI stock heading into the next quarter.
