Published on 4 Apr 2024 on Zacks via Yahoo Finance
Kinder Morgan, Inc. (KMI) Is a Trending Stock: Facts to Know Before Betting on It
Kinder Morgan (KMI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this oil and natural gas pipeline and storage company have returned +4.1%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has gained 5.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.