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Kinder Morgan (KMI) Receives a Buy from Barclays


In a report released today, Christine Cho from Barclays maintained a Buy rating on Kinder Morgan (NYSE: KMI), with a price target of $21. The company’s shares closed yesterday at $17.42.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 47.2% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and EnLink Midstream Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kinder Morgan with a $22.50 average price target, implying a 29.2% upside from current levels. In a report issued on October 8, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $24 price target.

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Based on Kinder Morgan’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.55 billion and GAAP net loss of $143 million. In comparison, last year the company earned revenue of $3.28 billion and had a net profit of $371 million.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, Inc. engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel.