HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES

Profit from the Pros – Zacks Free Email Newsletter
Our free email newsletter is filled with timely stock picks and market commentary. Sign up for free. Already on board? Check out the archive.
Quote:
Login Free Membership
Search:

 
Momentum

Inergy Holdings LP.

June 19, 2009 | Comments: 0
Recommended this article (0)
Print    Share
Inergy Holdings LP. (NRGP - Snapshot Report) is posting impressive gains on higher sales and rising estimates.

Company Description

Inergy Holdings LP, through its subsidiaries, operates retail and wholesale propane supply businesses in the United States and Canada. The company was founded in 1996 and has a market cap of $792 million.

Inergy's share price has been on a roll since last November, but recently received an extra boost after the company reported strong second-quarter results on May 6.

Second-Quarter Results

Income was up 16% from last year to $94.7 million, producing distributable earnings of $1.03 per unit, ahead of the consensus of 72 cents.

The nice 43% beat comes on the heels of last quarters 39% beat, a solid 2-quarter run.

Positive Affirmation

Inergy CEO John Sherman noted that the company is on pace to hit its full-year objectives.

Analysts Raise Guidance

Earnings estimates have been on the rise since the solid quarter, with the current-year up 25 cents to $2.07 per share. The next-year stands at $2.57, a 24% earnings growth projection.

Valuations Anyone?

Based upon the current-year estimate, this stock has a P/E multiple of 18X, a premium to the overall market, but keep in mind, it also has a very bullish earnings growth projection in a fairly bearish market.

The Chart

Shares of NRGP have been rallying since last November, climbing from just over $14 to a recent high above $41. Take a look below.


Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (0)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
  • Free  Four Zacks #1 Rank "Strong Buy" Stocks
  • Free  Timely Market Commentary
  • Free  Wealth Management Tips
  • Free  Profitable Strategy Screens
  • Free  Bull and Bear Stocks of the Day
Zacks FREE Registration

More Zacks Resources

Market Summary Nov 25, 2009 22:28 pm ET
DJIA 10464.4  30.69 0.29%
NASD 2176.05  6.87 0.32%
S&P 500 1110.63  4.98 0.45%
Sponsored Links