Media stories about Kinder Morgan (NYSE:KMI) have trended somewhat negative this week, according to Alpha One Sentiment. The research group, a division of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kinder Morgan earned a daily sentiment score of -0.19 on Alpha One’s scale. Alpha One also gave news stories about the pipeline company an impact score of 67 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
- UPDATE 1-Kinder Morgan Canada raises funds as Trans Mountain faces block (KMI, TD, RY) (markets.businessinsider.com)
- Kinder Morgan Canada raises C$5.5B for Trans Mountain expansion (seekingalpha.com)
- Brokers Issue New Targets On Kinder Morgan, Inc. (NYSE:KMI) (thedailyzipper.com)
- Kinder Morgan (KMI) Receiving Somewhat Positive Media Coverage, Report Shows (campdesrecrues.com)
- Kinder Morgan Canada says raised C$5.5 bln for Trans Mountain (KMI) (markets.businessinsider.com)
KMI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Wolfe Research downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $26.00 to $21.00 in a research report on Tuesday, May 30th. Vetr upgraded shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $23.88 price objective on the stock in a research report on Monday, February 27th. Wells Fargo & Company restated an “outperform” rating and set a $25.00 price objective (down previously from $26.50) on shares of Kinder Morgan in a research report on Monday, May 15th. Finally, Macquarie initiated coverage on shares of Kinder Morgan in a research report on Friday, April 21st. They set a “neutral” rating and a $21.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $23.82.
Shares of Kinder Morgan (NYSE KMI) traded up 2.02% during mid-day trading on Friday, hitting $19.19. 16,112,529 shares of the stock were exchanged. The company has a market cap of $42.84 billion, a P/E ratio of 63.54 and a beta of 0.59. Kinder Morgan has a 52-week low of $17.16 and a 52-week high of $23.36. The stock’s 50-day moving average price is $19.49 and its 200-day moving average price is $21.06.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. Kinder Morgan had a net margin of 6.27% and a return on equity of 4.62%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Kinder Morgan will post $0.67 earnings per share for the current fiscal year.
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In other news, VP Dax Sanders bought 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $18.60 per share, for a total transaction of $48,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $18.58 per share, with a total value of $9,290,000.00. Following the completion of the purchase, the insider now owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
About Kinder Morgan
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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