Will Kinder Morgan (KMI) Stock Be Helped by Higher Oil Prices?
NEW YORK (TheStreet) -- Shares of Kinder Morgan (KMI) - Get Report are retreating by 0.63% to $17.32 early Tuesday afternoon, despite oil prices trading in the green.
Crude oil (WTI) is advancing by 1.02% to $48.57 per barrel this afternoon and Brent crude is up by 0.56% to $48.62 per barrel, according to the CNBC.com index.
Oil prices are increasing today as investors wait for U.S. crude inventory data, which is expected to show a declining supply overhang, Reuters reports.
Commercial crude stockpiles in the U.S. likely dropped by about 2.5 million barrels to 538.8 million last week, according to a Reuters poll.
The American Petroleum Institute will release data later today, while data from the Energy Information Administration is due out tomorrow.
"I think the market is preparing for the (U.S.) crude stock data today and tomorrow," Andy Sommer, senior energy analyst at Axpo Trading, told Reuters.
Kinder Morgan is a Houston-based energy infrastructure company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk, disappointing return on equity, weak operating cash flow 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
