Kinder Morgan Inc. (KMI) shares are trading at higher $14.40 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $16.61.
To add more color to this target, the company’s high over the last year is $22.58 and the low is $9.42. Over the last 52 weeks, KMI is down -28.22% while the S&P 500 is up 15.13%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KMI reported a profit of $819.0 million. Kinder Morgan Inc. also saw revenues increase to $2.92 billion. In addition, KMI has free cash flow of $1.93 billion as of 09-2020. The company’s EBITDA came in at $1.39 billion which compares well with its peers.
KMI booked profit margins of 0.90%, its Return on Equity (ROE) is 0.30%, and its Return on Assets is 0.20%. All told, it is clear that, KMI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KMI has a short ratio of 1.82 and outstanding shares of 2.26B.
KMI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21.38 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.05. Kinder Morgan Inc. KMI also noted assets of $71.82 billion at the end of the last quarter. Investors should also keep an eye on sector updates as KMI has historically followed its peers on positive news.
All told, Kinder Morgan Inc. KMI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KMI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Kinder Morgan Inc. KMI is now commanding a market cap of 31.56B and a float of 1.95B. KMI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KMI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in KMI, either long or short, and we have not been compensated for this article.