Will Kinder Morgan Stock Continue to Trade Weak?
KMI is trading below key moving averages
Midstream giant Kinder Morgan (KMI) is trading nearly 1% below its 50-day and 6% below its 200-day moving average. Kinder Morgan may continue to trade weak until it crosses above these key moving averages.
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As the above graph shows, Kinder Morgan stock has largely been trading range-bound for more than a year. The stock may gain some momentum if KMI posts strong results over the next few quarters. While KMI has managed to reduce its leverage, how to grow earnings remains a challenge.
Institutional investors in Kinder Morgan seem to be positive about the stock. Learn about institutional investment in KMI in Institutional Investors Seem Bullish on Kinder Morgan. Learn how institutional investment in major MLPs changed in 2Q17 in Institutional Activity in Major MLPs in 2Q17.
To get the latest analyst recommendations on Kinder Morgan and to compare its current valuation with its historical valuation, read What Analysts Recommend for Kinder Morgan and What Does Kinder Morgan’s Valuation Indicate?
Short interest in Kinder Morgan rose recently. Let’s discuss that next.