Kinder Morgan Inc (NYSE:KMI) shares, rose in value, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $18.46.
Actively observing the price movement in the last trading, the stock closed the session at $18.43. The value of beta (5-year monthly) was 0.89 whereas the PE ratio was 17.36 over 12-month period. Referring to stock’s 52-week performance, its high was $18.72, and the low was $15.89. On the whole, KMI has fluctuated by 3.59% over the past month.
With the market capitalization of Kinder Morgan Inc currently standing at about $40.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024 – Apr 22, 2024. The company’s Forward Dividend Ratio is 1.13, with its dividend yield at 6.12%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.29 for fiscal year $1.22 and then to about $1.27 by fiscal year 2025. Data indicates that the EPS growth is expected to be 15.10% in 2025, while the next year’s EPS growth is forecast to be 4.10%.
Analysts have estimated the company’s revenue for the quarter at $4.47 billion, with a low estimate of $4.19 billion and a high estimate of $4.97 billion. According to the average forecast, sales growth in current quarter could jump up 14.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $17.72 billion, representing an increase of 16.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. 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 3.28, with the price of KMI currently trading nearly 2.38% and 5.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.51, while the 7-day volatility ratio is showing 1.42% which for the 30-day chart, stands at 1.35%. Furthermore, Kinder Morgan Inc (KMI)’s beta value is 0.88, and its average true range (ATR) is 0.25.
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 0.16% in last session, and over the past year, it grew by 5.61%%.
Data on historical trading for Kinder Morgan Inc (NYSE:KMI) indicates that the trading volumes over the past 10 days have averaged 11.56 million and over the past 3 months, they’ve averaged 14.32 million. According to company’s latest data on outstanding shares, there are 2.22 billion shares outstanding.
Nearly 12.83% of Kinder Morgan Inc’s shares belong to company insiders and institutional investors own 63.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.2 million shares as on Mar 15, 2024, resulting in a short ratio of 2.52. According to the data, the short interest in Kinder Morgan Inc (KMI) stood at 1.54% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 28.67 million. The stock has risen by 4.65% 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.
