The stock of Kinder Morgan, Inc. (NYSE:KMI) is now priced at $14.18 and the shares are 0.32 points up or 2.31% higher compared to its previous closing price of $13.86. The stock had 11.874 million contracts set over the past session. KMI shares’ daily volume is compared to its average trading volume at 12.808 million shares. However, it has a float of 1950 million and although its performance was 0.5% over the week, it’s one to watch. Analysts have given the KMI stock a yearly average price target of $17.68 per share. It means the stock’s upside potential is 24.68% with the KMI share price recently placing at $13.85 to $14.21. However, some brokerage firms have priced the stock below the average, including one that has called $14.
The shorts are running away from the Kinder Morgan, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the KMI shares have declined. Short interest in the stock represents just 1.03% of its float, but the volume has dropped by 0.
In the last trading session, Kinder Morgan, Inc. (NYSE:KMI) raised by $0.07 over the week and gained $0.08 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $22.58. The stock recorded its established 52-week high on 02/20/20.
Since 03/19/20, the stock has traded to a low of $9.42 at 50.53%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.95. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Kinder Morgan, Inc.’s two-week RSI is 47.91. This suggests that the stock is neutral at the moment and that KMI shares’ price movement remains stable. The stochastic readings are equally revealing at 19.44% meaning the KMI share price is currently in overbought territory.
The technical chart shows that the KMI stock will likely settle at between $14.31 and $14.44 per share. However, if the stock dips below $13.95, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $13.72.
Currently, the stock is trading in the red of MACD, with a reading of -0.15. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Goldman cut their recommendation for KMI from Neutral to Sell in July 07 review while maintai their target price of $16 to $15. Barclays analysts upgraded their recommendation of the stock from Equal Weight to Overweight while keeping its target price at $16 in a flash note released to investors on March 24. Stifel seeing the improvements upgraded the stock from Hold to Buy on March 16, placing it at $23 to $20.
The average rating for the KMI equity is 2.28 and is currently gathering a bullish momentum. Of 24 analysts tracking Kinder Morgan, Inc. polled by Reuters, 10 rated KMI as a hold. The remaining 14 analysts were split evenly. However, the split wasn’t equal as a majority (13) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the KMI stock price is 15.15X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 202.6 above the group’s average of 40.8. Kinder Morgan, Inc. has its P/E ratio at 1, which means that the stock is currently trading at a discount relative to the 1.4 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Kinder Morgan, Inc. (NYSE:KMI) will increase by about 19.84%, which will see them reach $2990 million. The company’s full-year revenues are, however, expected to diminish by about -10.9%, down from $13200 million to $11800 million. KMI’s expected adjusted earnings should drop almost -4.55% to end up at $0.21 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -17.89% to record $0.78/share.