Wednesday, September 23, 2020

Kinder Morgan Inc. [KMI] stock Downgrade by Goldman analyst, price target now $15

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Kinder Morgan Inc. [NYSE: KMI] loss -0.23% on the last trading session, reaching $13.22 price per share at the time. The company report on August 27, 2020 that Kinder Morgan Announces Commercial In-Service of the Final Unit at the Elba Island Liquefaction Facility.

The facility is the first to use modular technology in the United States.

The Elba Liquefaction Company, L.L.C. (ELC), a joint venture between Kinder Morgan, Inc. (NYSE: KMI) and EIG Global Energy Partners (EIG), announced today the commercial in-service of Unit 7, the last of 10 Movable Modular Liquefaction units of the approximately $2 billion Elba Liquefaction project. Previously only a liquefied natural gas (LNG) import terminal, the Elba Island Liquefaction facility is now also producing LNG for export purposes.

Kinder Morgan Inc. represents 2.26 billion in outstanding shares, while the company has a total market value of $30.19 billion with the latest information. KMI stock price has been found in the range of $13.22 to $13.52.

If compared to the average trading volume of 12.79M shares, KMI reached a trading volume of 15762613 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Kinder Morgan Inc. [KMI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KMI shares is $17.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KMI stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Kinder Morgan Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 07, 2020. The new note on the price target was released on March 24, 2020, representing the official price target for Kinder Morgan Inc. stock. Previously, the target price had yet another drop from $23 to $20, while Stifel kept a Buy rating on KMI stock.

The Average True Range (ATR) for Kinder Morgan Inc. is set at 0.34, with the Price to Sales ratio for KMI stock in the period of the last 12 months amounting to 2.47. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.23. Price to Free Cash Flow for KMI in the course of the last twelve months was 57.83 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for KMI stock

Kinder Morgan Inc. [KMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.69. With this latest performance, KMI shares dropped by -9.08% in over the last four-week period, additionally sinking by -14.71% over the last 6 months – not to mention a drop of -34.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KMI stock in for the last two-week period is set at 34.06, with the RSI for the last a single of trading hit 26.66, and the three-weeks RSI is set at 36.83 for Kinder Morgan Inc. [KMI]. The present Moving Average for the last 50 days of trading for this stock 14.31, while it was recorded at 13.49 for the last single week of trading, and 16.83 for the last 200 days.

Kinder Morgan Inc. [KMI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Kinder Morgan Inc. [KMI] shares currently have an operating margin of +29.49 and a Gross Margin at +37.21. Kinder Morgan Inc.’s Net Margin is presently recorded at +16.55.

Return on Total Capital for KMI is now 5.46, given the latest momentum, and Return on Invested Capital for the company is 3.26. Return on Equity for this stock inclined to 6.46, with Return on Assets sitting at 2.83. When it comes to the capital structure of this company, Kinder Morgan Inc. [KMI] has a Total Debt to Total Equity ratio set at 102.90. Additionally, KMI Total Debt to Total Capital is recorded at 50.71, with Total Debt to Total Assets ending up at 46.29. Long-Term Debt to Equity for the company is recorded at 95.44, with the Long-Term Debt to Total Capital now at 47.04.

Reflecting on the efficiency of the workforce at the company, Kinder Morgan Inc. [KMI] managed to generate an average of $196,464 per employee. Receivables Turnover for the company is 9.06 with a Total Asset Turnover recorded at a value of 0.17.Kinder Morgan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Kinder Morgan Inc. [KMI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Kinder Morgan Inc. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kinder Morgan Inc. go to -0.60%.

An analysis of insider ownership at Kinder Morgan Inc. [KMI]

There are presently around $18,981 million, or 63.30% of KMI stock, in the hands of institutional investors. The top three institutional holders of KMI stocks are: VANGUARD GROUP INC with ownership of 169,653,797, which is approximately -1.215% of the company’s market cap and around 10.90% of the total institutional ownership; BLACKROCK INC., holding 150,991,478 shares of the stock with an approximate value of $2.0 billion in KMI stocks shares; and STATE STREET CORP, currently with $1.48 billion in KMI stock with ownership of nearly 6.557% of the company’s market capitalization.

Positions in Kinder Morgan Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 507 institutional holders increased their position in Kinder Morgan Inc. [NYSE:KMI] by around 121,531,250 shares. Additionally, 604 investors decreased positions by around 108,825,783 shares, while 132 investors held positions by with 1,205,414,204 shares. The mentioned changes placed institutional holdings at 1,435,771,237 shares, according to the latest SEC report filing. KMI stock had 101 new institutional investments in for a total of 40,068,640 shares, while 124 institutional investors sold positions of 13,480,852 shares during the same period.

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