BofA Securities analyst Chase Mulvehill maintains $Kinder Morgan (KMI.US)$ with a buy rating, and maintains the target price at $27.
According to TipRanks data, the analyst has a success rate of 54.4% and a total average return of -0.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Kinder Morgan (KMI.US)$'s main analysts recently are as follows:
Following a period of stagnation, the base business for Kinder Morgan is expected to stabilize or experience slight growth. This comes after the impact of contract rolloffs that previously diminished EBITDA has substantially subsided. Looking ahead, the company is positioned to benefit from an increase in gas-fired and AI power over the next five years and is likely to achieve impressive returns on brownfield infrastructure investments.
It's noted that Kinder Morgan's third quarter performance was slightly below expectations, however, the outlook for the full year remains predominantly as anticipated. Moreover, the company has approved two new gas projects and is currently assessing two additional large gas projects.
The firm is adjusting its forecasts to account for changes in commodity prices, the impact of hurricanes, and weaknesses in dry gas production. It is anticipated that the majority of companies will keep their 2024 forecasts unchanged. It is noted that for the company in question, short-term challenges due to low natural gas prices could potentially counterbalance the long-term growth expected from datacenter and AI-related developments.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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