Kinder Morgan Inc (KMI) is Downgraded by Stifel to Hold, Price Target at $24

Kinder Morgan Inc (KMI) was Downgraded by Stifel to ” Hold” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Oct 4, 2016.

Many Wall Street Analysts have commented on Kinder Morgan Inc. Kinder Morgan Inc was Upgraded by Morgan Stanley to ” Overweight” on Aug 18, 2016.

On the company’s financial health, Kinder Morgan Inc reported $0.15 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $3144.00 million for the quarter, compared to analysts expectations of $3376.36 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Kinder Morgan Inc opened for trading at $22.89 and hit $23.19 on the upside on Friday, eventually ending the session at $23.13, with a gain of 1.63% or 0.37 points. The heightened volatility saw the trading volume jump to 1,50,56,338 shares. Company has a market cap of $51,634 M.

In a different news, on Feb 2, 2016, Dax Sanders (V.P. Corporate Development) purchased 3,000 shares at $15.32 per share price. According to the SEC, on Jan 27, 2016, Michael C Morgan (director) purchased 180,000 shares at $14.20 per share price. On Nov 23, 2015, Ronald G. Mcclain (V.P. (Pres.Products Pipelines) purchased 2,500 shares at $22.82 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Kinder Morgan Inc

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