Goldman Sachs analyst John Mackay maintained a Buy rating on Kinder Morgan (KMI – Research Report) today. The company’s shares closed yesterday at $16.89.
Mackay covers the Energy sector, focusing on stocks such as Kinder Morgan, Enterprise Products Partners, and Targa Resources. According to TipRanks, Mackay has an average return of 11.3% and a 63.64% success rate on recommended stocks.
Currently, the analyst consensus on Kinder Morgan is a Hold with an average price target of $20.22.
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Based on Kinder Morgan’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.91 billion and a net profit of $532 million. In comparison, last year the company earned a revenue of $5.18 billion and had a net profit of $576 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KMI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kinder Morgan (KMI) Company Description:
Texas-based Kinder Morgan, Inc. is an energy infrastructure company. The company is engaged in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products. It also stores petroleum products, chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, and Products Pipelines.
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