Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Kinder Morgan (KMI) Stock Price
News stories about Kinder Morgan (NYSE:KMI) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kinder Morgan earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 44.814818335288 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Kinder Morgan, Inc. (KMI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Day Traders Must Read Before Invest: Kinder Morgan Inc (NYSE: KMI) – Alpha Beta Stock (alphabetastock.com)
- Kinder Morgan: Bury The Past, Buy For The Future – Seeking Alpha (seekingalpha.com)
- A Look at Targa Resources’ Key Upcoming Capital Projects (finance.yahoo.com)
- Ignore Kinder Morgan — Here Are 2 Better High Yield Options to Buy – Motley Fool (fool.com)
A number of research analysts recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price objective on shares of Kinder Morgan in a research note on Friday, July 14th. BidaskClub lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. BMO Capital Markets set a $26.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Mizuho assumed coverage on shares of Kinder Morgan in a research note on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Kinder Morgan in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.03.
Kinder Morgan (NYSE KMI) opened at $17.91 on Friday. Kinder Morgan has a 52 week low of $17.59 and a 52 week high of $23.01. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market cap of $40,198.32, a P/E ratio of 27.69, a P/E/G ratio of 1.40 and a beta of 0.65.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the business posted ($0.10) EPS. The company’s revenue was down 1.5% on a year-over-year basis. analysts forecast that Kinder Morgan will post 0.64 earnings per share for the current fiscal year.
Kinder Morgan declared that its board has approved a share repurchase program on Wednesday, July 19th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, October 30th. Kinder Morgan’s dividend payout ratio is 89.29%.
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Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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