Kinder Morgan (KMI) Projected to Post Earnings on Wednesday

Kinder Morgan (NYSE:KMI - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Kinder Morgan to post earnings of $0.33 per share and revenue of $4,130,730.04 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 EPS. Kinder Morgan's revenue was down 5.3% on a year-over-year basis. On average, analysts expect Kinder Morgan to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.26 on Friday, reaching $30.32. The company's stock had a trading volume of 15,629,351 shares, compared to its average volume of 13,320,277. The stock's fifty day simple moving average is $27.61 and its 200-day simple moving average is $23.99. Kinder Morgan has a 1 year low of $16.47 and a 1 year high of $30.51. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $67.36 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several research firms have commented on KMI. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.