Jefferies Reiterates Their Hold Rating on Kinder Morgan

By Austin Angelo

Jefferies analyst Christopher Sighinolfi reiterated a Hold rating on Kinder Morgan (NYSE: KMI) yesterday and set a price target of $23. The company’s shares opened today at $18.56.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 9.9% and a 59.2% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and National Fuel Gas Company.

Kinder Morgan has an analyst consensus of Moderate Buy, with a price target consensus of $24.71.

The company has a one year high of $23.36 and a one year low of $17.16. Currently, Kinder Morgan has an average volume of 12.26M.

Based on the recent corporate insider activity of 8 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. Most recently, in October 2016, Fayez Sarofim, a Director at KMI bought 700,000 shares for a total of $14,987,000.

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. owns and operates pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) & other products and stores petroleum products, chemicals, and handles bulk materials like ethanol, coal, petroleum coke & steel. The company operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas and crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and/or operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, and ethanol and bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada to marketing terminals and refineries in British Columbia, Canada and the state of Washington. Kinder Morgan was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX.,06S9GH-E