Summary:
- Kinder Morgan shares increased by 2.7% despite narrowly missing Q1 earnings projections.
- Maintained confidence in rising natural gas demand amid export tariff concerns.
- Analysts offer an average 11.58% upside potential with a consensus 'Outperform' rating.
Kinder Morgan (KMI, Financial) experienced a 2.7% increase in share price following a near-miss on their first-quarter earnings targets. Nevertheless, the company upheld its full-year profit outlook, underpinned by strong confidence in the escalating demand for natural gas. This positive sentiment counterbalances worries about potential export tariffs. Moreover, Kinder Morgan foresees sustained growth in U.S. natural gas production—a testament to its robust market position.
Wall Street Analysts Forecast
Currently, projections by 16 analysts place the one-year target price for Kinder Morgan Inc (KMI, Financial) at an average of $30.77. The estimates span from a high of $38.00 to a low of $25.00. This average target suggests an upside of 11.58% from the present price of $27.58, reflecting investor optimism. For further insights, please visit the Kinder Morgan Inc (KMI) Forecast page for detailed estimate data.
The consensus among 21 brokerage firms maintains a strong positioning for Kinder Morgan Inc (KMI, Financial), with an average brokerage recommendation of 2.2, signifying an "Outperform" status. This rating is derived from a scale where 1 equates to a Strong Buy, and 5 represents a Sell, indicating favorable prospects from market experts.
According to GuruFocus estimates, the projected GF Value for Kinder Morgan Inc (KMI, Financial) over the coming year is $18.66. This forecast suggests a potential downside of 32.34% from its current price of $27.58. The GF Value signifies GuruFocus' assessed fair market value, determined by examining the stock's historical trading multiples alongside past business growth and future performance projections. Explore more granular data on the Kinder Morgan Inc (KMI) Summary page.
