For the third quarter of 2015, Adjusted EBITDA(1) was $182.9 million and Distributable cash flow(1) was $152.8 million. Company weekly volatility is calculated as 3.86% and price to cash ratio as 1.39. Institutional Investors own 54.08% of Kinder Morgan, Inc. shares. (NYSE:KMI) is 4.90% and on Friday its shares closed at $26.06. Following the purchase, the chief executive officer now directly owns 7,314,774 shares in the company, valued at approximately $200,644,250.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly A. Dang bought 2,000 shares of the stock in a transaction on Monday, November 2nd. Stock is trading in the real-time trading session with the total volume of 5.43 million shares, as compared to its average volume of 24.44 million shares. The disclosure for this purchase can be found here. (NYSE:KMI), belonging to the Basic Materials sector reported a price of 24.5 today, a change of -3.73%. Argus reduced their price target on Kinder Morgan from $50.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Goldman Sachs raised Kinder Morgan from a “buy” rating to a “conviction-buy” rating and increased their price objective for the stock from $33.14 to $48.00 in a research note on Friday, August 14th.
Advertisement
Kinder Morgan now carries a Zacks Rank #3 (Hold). Kinder Morgan has a consensus rating of “Buy” and an average price target of $40.12.
Shares of Kinder Morgan (NYSE:KMI) hit a new 52-week low on Wednesday after Argus lowered their price target on the stock from $50.00 to $35.00, Analyst Ratings Net reports. Kinder Morgan Inc (NYSE:KMI) has declined 39.22% since April 8, 2015 and is downtrending.
Facebook Inc (NASDAQ:FB) shares decreased -1.53% in last trading session and ended the day at $107.10.
The technical numbers for Kinder Morgan, Inc. are as follows: It has a simple moving average 50 of -12.76%, a 52 week high of -40.55%, and a 52 week low of 0.99%. The rating by the firm was issued on October 22, 2015. The stock has a market capitalization of $55.92 billion and a price-to-earnings ratio of 47.55.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 21st. They now own 1.17 billion shares or 2.97% less from 1.21 billion shares in 2015Q1. During the same quarter in the previous year, the firm earned $0.32 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.51 per share. Equities research analysts anticipate that Kinder Morgan will post $0.77 EPS for the current fiscal year. The ex-dividend date of this dividend is Thursday, October 29th. “We are excited to further develop our strategic relationship with Kinder Morgan, which is one of the most prominent and proven energy companies in North America”.
Advertisement
“The marketing company will provide a convenient and efficient option for end users in the Monterrey area and other regions of Mexico to benefit from low cost United States natural gas under the new open access regulations that will become effective in Mexico in 2016”, said Larry Bell, Kinder Morgan Natural Gas Midstream Vice President of Marketing and Transportation. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The Carbon dioxide business segment transports generates, and markets Carbon dioxide. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2).
