Kinder Morgan (KMI) to Release Earnings on Wednesday

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

Kinder Morgan Price Performance

NYSE KMI traded up $0.26 on Monday, reaching $30.32. The company had a trading volume of 15,710,662 shares, compared to its average volume of 10,053,223. The stock has a market capitalization of $67.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $30.51. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm's 50 day moving average price is $27.68 and its 200 day moving average price is $24.13.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company's stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 in the last ninety days. 12.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price on the stock. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $27.00.

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.