Positive Report for Kinder Morgan from Wells Fargo


Kinder Morgan (NYSE: KMI) received a Buy rating from Wells Fargo analyst Michael Blum yesterday. The company’s shares closed on Friday at $16.77.

According to TipRanks.com, Blum is a 4-star analyst with an average return of 13.6% and a 67.4% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Dominion Midstream, and Nustar Energy LP.

Kinder Morgan has an analyst consensus of Moderate Buy, with a price target consensus of $19.33.

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Kinder Morgan’s market cap is currently $36.96B and has a P/E ratio of 335.4. The company has a Price to Book ratio of 1.10.

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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.

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