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Kinder Morgan (KMI) Stock Moves -0.12%: What You Should Know
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Kinder Morgan (KMI - Free Report) closed at $16.58 in the latest trading session, marking a -0.12% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the oil and natural gas pipeline and storage company had lost 5.68% in the past month. In that same time, the Oils-Energy sector lost 13.93%, while the S&P 500 gained 1.51%.
Kinder Morgan will be looking to display strength as it nears its next earnings release, which is expected to be July 20, 2022. On that day, Kinder Morgan is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 17.39%. Our most recent consensus estimate is calling for quarterly revenue of $4.33 billion, up 37.34% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.14 per share and revenue of $17.17 billion. These totals would mark changes of -13.64% and +3.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kinder Morgan is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 14.56. For comparison, its industry has an average Forward P/E of 13.53, which means Kinder Morgan is trading at a premium to the group.
Also, we should mention that KMI has a PEG ratio of 4.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 3.93 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kinder Morgan (KMI) Stock Moves -0.12%: What You Should Know
Kinder Morgan (KMI - Free Report) closed at $16.58 in the latest trading session, marking a -0.12% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the oil and natural gas pipeline and storage company had lost 5.68% in the past month. In that same time, the Oils-Energy sector lost 13.93%, while the S&P 500 gained 1.51%.
Kinder Morgan will be looking to display strength as it nears its next earnings release, which is expected to be July 20, 2022. On that day, Kinder Morgan is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 17.39%. Our most recent consensus estimate is calling for quarterly revenue of $4.33 billion, up 37.34% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.14 per share and revenue of $17.17 billion. These totals would mark changes of -13.64% and +3.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kinder Morgan is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 14.56. For comparison, its industry has an average Forward P/E of 13.53, which means Kinder Morgan is trading at a premium to the group.
Also, we should mention that KMI has a PEG ratio of 4.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 3.93 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.