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Kinder Morgan (KMI) Stock Slides as Market Rises: Facts to Know Before You Trade
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Kinder Morgan (KMI - Free Report) ended the recent trading session at $30.75, demonstrating a -1.6% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
The oil and natural gas pipeline and storage company's stock has dropped by 0.92% in the past month, falling short of the Oils-Energy sector's gain of 0.53% and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company is expected to report EPS of $0.33, up 13.79% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.38 billion, indicating a 5.73% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.56 per share and a revenue of $18.34 billion, signifying shifts of +20% and +8.26%, respectively, from the last year.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.51% higher. Kinder Morgan is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Kinder Morgan is presently trading at a Forward P/E ratio of 20.1. This expresses a premium compared to the average Forward P/E of 18.98 of its industry.
One should further note that KMI currently holds a PEG ratio of 2.2. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. KMI's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Kinder Morgan (KMI) Stock Slides as Market Rises: Facts to Know Before You Trade
Kinder Morgan (KMI - Free Report) ended the recent trading session at $30.75, demonstrating a -1.6% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
The oil and natural gas pipeline and storage company's stock has dropped by 0.92% in the past month, falling short of the Oils-Energy sector's gain of 0.53% and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company is expected to report EPS of $0.33, up 13.79% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.38 billion, indicating a 5.73% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.56 per share and a revenue of $18.34 billion, signifying shifts of +20% and +8.26%, respectively, from the last year.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.51% higher. Kinder Morgan is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Kinder Morgan is presently trading at a Forward P/E ratio of 20.1. This expresses a premium compared to the average Forward P/E of 18.98 of its industry.
One should further note that KMI currently holds a PEG ratio of 2.2. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. KMI's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.