Kinder Morgan (KMI) : Traders are bullish on Kinder Morgan (KMI) as it has outperformed the S&P 500 by a wide margin of 4.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.74% in the last 1 week, and is up 5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Kinder Morgan, Inc. is up 26.3% in the last 3-month period. Year-to-Date the stock performance stands at 52.63%. The stock has recorded a 20-day Moving Average of 7.57% and the 50-Day Moving Average is 13.76%.
Kinder Morgan (NYSE:KMI): The stock opened at $22.55 on Friday but the bulls could not build on the opening and the stock topped out at $22.60 for the day. The stock traded down to $22.19 during the day, due to lack of any buying support eventually closed down at $22.28 with a loss of -1.89% for the day. The stock had closed at $22.71 on the previous day. The total traded volume was 10,609,926 shares.
Also, In a research note released to the investors, Morgan Stanley upgrades its rating on Kinder Morgan (NYSE:KMI).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Morgan Stanley raises the new price target from $23 per share to $24 per share. The rating by the firm was issued on August 18, 2016.
Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.