Argus May Have Just Lost Faith in Kinder Morgan (NYSE:KMI)


Kinder Morgan (NYSE:KMI) Receives a Downgrade

In a recent report shared with investors on Thursday morning, investment analysts at Argus’s equity division cut the rating for Kinder Morgan (NYSE:KMI) shares from the previous Buy to a Hold.

From a total of 16 analysts covering Kinder Morgan (NYSE:KMI) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 74% of the ratings are positive. The highest target price is $45 while the lowest target price is $28. The mean of all analyst targets is $36.25 with a 79.00% above today’s ($20.67) stock price. Kinder Morgan was the topic of 16 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on November 10 with “Buy” rating. Bank of America maintained shares with “Buy” rating and $44 target share price in a report from a September 28. RBC Capital Markets maintained KMI stock in a recent report from October 22 with “Outperform” rating. Finally, Credit Suisse downgraded the stock to “Neutral” rating in a report issued on an October 22.

The stock decreased 7.81% or $1.75 during the last trading session, striking $20.67. Approximately 13,204 shares of stock traded hands. Kinder Morgan Inc (NYSE:KMI) has declined 51.90% since April 30, 2015 and is downtrending. It has underperformed by 51.61% the S&P500.

Kinder Morgan, Inc. is an energy infrastructure and energy firm in North America. The company has a market cap of $50.03 billion. The Firm operates through six divisions: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. It has 39.52 P/E ratio. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.

According to Zacks Investment Research, “Kinder Morgan, Inc. is engaged in energy transportation and storage in North America. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2). The Company operates: natural gas pipelines in the Rocky Mountains, the Midwest and Texas; refined petroleum products pipeline in North America; terminals for the storage of petroleum products and chemicals and CO2 pipelines and oil producing fields. Kinder Morgan, Inc. is headquartered in Houston, Texas.” Get a free copy of the Zacks research report on Kinder Morgan Inc (KMI).