We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Kinder Morgan (KMI - Free Report) ended the recent trading session at $30.53, demonstrating a +1.26% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
The stock of oil and natural gas pipeline and storage company has fallen by 5.69% in the past month, lagging the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company's upcoming EPS is projected at $0.33, signifying a 13.79% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.38 billion, up 5.73% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.56 per share and revenue of $18.34 billion, which would represent changes of +20% and +8.26%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kinder Morgan. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.51% upward. Right now, Kinder Morgan possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 19.39. This signifies a premium in comparison to the average Forward P/E of 18.1 for its industry.
Also, we should mention that KMI has a PEG ratio of 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Production and Pipelines industry was having an average PEG ratio of 1.74.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
Kinder Morgan (KMI - Free Report) ended the recent trading session at $30.53, demonstrating a +1.26% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
The stock of oil and natural gas pipeline and storage company has fallen by 5.69% in the past month, lagging the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company's upcoming EPS is projected at $0.33, signifying a 13.79% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.38 billion, up 5.73% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.56 per share and revenue of $18.34 billion, which would represent changes of +20% and +8.26%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kinder Morgan. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.51% upward. Right now, Kinder Morgan possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 19.39. This signifies a premium in comparison to the average Forward P/E of 18.1 for its industry.
Also, we should mention that KMI has a PEG ratio of 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Production and Pipelines industry was having an average PEG ratio of 1.74.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 75, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.