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Kinder Morgan (KMI) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Sat Sep 12, 7:06AM CDT

In a report released yesterday, John Mackay from Goldman Sachs maintained a Buy rating on Kinder Morgan, with a price target of $35.00. The company’s shares closed yesterday at $30.95.

Mackay covers the Energy sector, focusing on stocks such as Oneok, Williams Co, and Energy Transfer. According to TipRanks, Mackay has an average return of 20.7% and a 68.85% success rate on recommended stocks.

In addition to Goldman Sachs, Kinder Morgan also received a Buy from UBS’s Manav Gupta in a report issued yesterday. However, on the same day, Stifel Nicolaus initiated coverage with a Hold rating on Kinder Morgan (NYSE: KMI).

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Based on Kinder Morgan’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.48 billion and a net profit of $867 million. In comparison, last year the company earned a revenue of $4.04 billion and had a net profit of $715 million

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