On a relative basis, the stock has outperformed the S&P 500 by 7.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.15% in the last 1 week, and is up 9.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Kinder Morgan (NYSE:KMI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.20 and $20.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.36, notching a gain of 1.19% for the day. The total traded volume was 9,250,798 . The stock had closed at $20.12 on the previous day.
The stock has recorded a 20-day Moving Average of 0.16% and the 50-Day Moving Average is 7.46%. Kinder Morgan, Inc. is up 21.58% in the last 3-month period. Year-to-Date the stock performance stands at 39.48%.
Kinder Morgan (KMI) stock is expected to deviate a maximum of $3.15 from the average target price of $21.64 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $17.
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.