Kinder Morgan (KMI) has experienced a significant downturn alongside the broader market, however it was noted to have a bigger fall. Nevertheless, it managed to cross a 6% yield mark. The company has attracted substantial interest from investors as it leverages
carbon credits in Texas oilfields besides acquiring
West Texas Oilfield to tap into carbon capture incentives. However, it has been noted that
insiders at Kinder Morgan have sold US$3.7m in stock, suggesting potential weakness. Meanwhile, the company has made moves to acquire
oil and gas assets in Texas from Avad Energy. Its shares were sold by Foundations Investment Advisors LLC. Kinder Morgan has been given a 'buy' rating, but conversely, has been seen as registering a bigger loss than the market. Despite some volatility, the company beat Q1 earnings estimates. It leverages debt to take on some risk, while emphasizing that AI will drive growth but in an unorthodox way. The company posted steady Q1 growth and increased its dividend. Nevertheless, it lagged in Q4 earnings and increased '24 EPS guidance. The stock currently seems poised to deliver a 35% gain over three years and is suggested to be a millionaire maker.
Kinder Morgan KMI News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 21:50:04 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -4
