NEW YORK (TheStreet) -- Shares of Kinder Morgan (KMI) - Get Report are down by 0.5% to $17.77 on Thursday afternoon, as oil prices move between gains and losses on oversupply concerns.

"The global oversupply is continuing to persist with no signs that rebalancing has begun or is even near beginning," the Energy Management Institute said in a note, cited by the Wall Street Journal.

A dozen countries have officially said they are attending an April 17 meeting in Qatar among OPEC and non-OPEC members to discuss freezing production, according to the Qatar Energy Minister Mohammed Saleh al-Sada.

"An agreement to cap production is urgently needed" as OPEC output is otherwise likely to increase further in the coming months, said analysts at Commerzbank, according to the Journal.

Crude oil (WTI) is gaining 0.76% to $38.61 per barrel and Brent crude is advancing 1.1% to $39.69 per barrel this afternoon.

Oil prices wavered in early trading, then the benchmark U.S. contract turned negative and then rebounded, the Journal noted.

Kinder Morgan is a Houston-based energy and energy infrastructure company in North America.

Separately, TheStreet Ratings Team as a "Sell" rating with a score of D+ on the stock.

This is driven by a few notable weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.

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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