NEW YORK (TheStreet) -- Kinder Morgan (KMI) - Get Report shares are rallying by 3.91% to $14.74 on Tuesday morning, as oil futures were rising on optimism that the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers may be nearing a deal to combat market saturation.

Crude oil (WTI) is jumping by 1.48% to $30.79 per barrel and Brent crude is hiking by 2.07% to $31.13 per barrel, according to the CNBC.com index.

Despite OPEC calling for rivals to slash supply, Russia is not cooperating, Reuters added.

"Without a production agreement, fundamentals point to lower numbers," David Hufton of oil brokers PVM told Reuters

Additionally, there are persisting concerns that Iraq may increase its oil production this year. 

Separately, TheStreet Ratings currently has a Sell rating on the stock with a letter grade of D+. 

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The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, generally high debt management risk, disappointing return on equity and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: KMI

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