Kinder Morgan Inc. [NYSE:KMI] will report earnings after markets close on Wednesday, January 20th.
KMI Earnings Forecast For The Current Quarter
Kinder Morgan Inc. [KMI] is expected to report weak earnings results for the quarter ending in Dec 2020. Consensus estimates give the company expected revenues of $3.04B and earnings per share of $0.24 for Dec 2020. Looking further ahead, the company is expected to report revenue of $2.98B at an EPS of $0.22 for Mar 2021. The estimates represent a downside of 1.80% and 5.33% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
KMI Earnings Estimates For The Current Year
For the financial year, Kinder Morgan Inc. [NYSE:KMI] is expected to bring in revenue of $11.57B. The returns are nearly $-1.64 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.84, lower than that of FY19 by -$0.11. Estimates put this year’s earnings growth at -11.60%, 6.00% for the next, and at an annual -3.50% over the next 5-year period. As for sales, forecasts are for a decrease of -12.40% in the current fiscal year and a further 1.80% over the following year.
KMI Price Performance
On Wall Street, Kinder Morgan Inc. [NYSE:KMI] finished Friday’s session down -0.96% at $15.49. The stock went up to $15.61 at the same session while its lowest single-day price was $15.17. In the last five days, it saw a rise of about 6.90%, Kinder Morgan Inc. shares gained by almost 13.31% since the beginning of the year. However, the share price has dropped to as low as -31.40% below its one year high. On 01/14/21, the company shares recorded $15.75, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $13.48. The company’s shares have declined by -27.52% in the past year. The 50-day SMA achieved is $14.08 while the 200-day SMA is $14.20. Volume dropped to 16.17 million from 18.08 million in the previous session.
Kinder Morgan Inc. [KMI] Valuation Measures
Notably, Kinder Morgan Inc. [KMI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Oil & Gas Midstream companies to purchase soonest possible with the prevailing 12-month PE ratio of 322.71. The measure means the stock is exchanging at a premium as compared to the 14.19x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.97 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.99 which means KMI serve an unattractive investment opportunity compared to its competitors.
KMI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 15.49 level, and in case of violation of this particular level, it will cause more drop to 15.24 level. On the upper level, 16.12 is still the key resistance. The stock may increase to the subsequent resistance at 15.86. The Relative Strength Index (RSI) pinned on the 14-day chart is 68.52, implying a neutral technical stance while the MACD stands at 1.07, meaning price will increase in the next trading period. Percent R indicator moved to 11.40%, implying bullish price movement. Stochastic %K at 92.39% suggest selling the stock.
Is Kinder Morgan Inc. [NYSE:KMI] a Good Buy Right Now?
It should be noted that KMI technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 40% Buy in the last week and compares with 40% Buy in the past month. Data from Kinder Morgan Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 17.98 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 19.1 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 16.63 million shares.
What is the short interest in Kinder Morgan Inc.?
Short interest in the Kinder Morgan Inc. stock has plunged, decreasing by -1.85 million shares to total 30.57 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 28.72 million, data from Yahoo Finance shows. The increase of 6.05% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.57% of the overall float for the stock.
Kinder Morgan Inc.’s Biggest Shareholders: Who Owns Kinder Morgan Inc. [KMI]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 154,234,613 shares or roughly 6.81% of the outstanding KMI shares. This means their shares have reduced by -251,281 from the 154,234,613 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, SSgA Funds Management, Inc. updated stake is worth $1,502,082,784. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.80% stake valued at $1,342,352,867 while Managed Account Advisors LLC cut theirs at $561,288,847. During the last quarter, BlackRock Fund Advisors liquidated -795,945 of its shares in Kinder Morgan Inc. while Managed Account Advisors LLC sold -1,776,059 shares. The ClearBridge Investments LLC’s holdings currently number 31,812,329 shares at $492772976.21. According to the firm’s last 13F report, Geode Capital Management LLC shares in the company at filing stood at 29,448,542 shares, roughly $402,561,569.
What are analyst thoughts on Kinder Morgan Inc.?
Looking forward to the Kinder Morgan Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Kinder Morgan Inc. stock at $16.00 within the next 12 months, which represents almost 3.19 per cent growth from its previous closing price of $15.49. The highest analysts’ target for Kinder Morgan Inc. stock projections is $22.00 and the lowest one is $14.00. Still, 25 analysts sharing their consensus rating for KMI stock in 2021 agree that it is an Overweight.