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Kinder Morgan (KMI) Gains As Market Dips: What You Should Know
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Kinder Morgan (KMI - Free Report) closed the most recent trading day at $17.89, moving +0.85% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 14.38% in the past month. In that same time, the Oils-Energy sector gained 15.16%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from KMI as it approaches its next earnings report date. This is expected to be April 17, 2019. In that report, analysts expect KMI to post earnings of $0.25 per share. This would mark year-over-year growth of 13.64%. Meanwhile, our latest consensus estimate is calling for revenue of $3.59 billion, up 4.91% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.99 per share and revenue of $15.04 billion, which would represent changes of +11.24% and +6.31%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for KMI. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% higher. KMI currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KMI is holding a Forward P/E ratio of 17.94. For comparison, its industry has an average Forward P/E of 16.56, which means KMI is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 2.39. 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 was holding an average PEG ratio of 2.73 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 44% of all 250+ industries.
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.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.
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Kinder Morgan (KMI) Gains As Market Dips: What You Should Know
Kinder Morgan (KMI - Free Report) closed the most recent trading day at $17.89, moving +0.85% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 14.38% in the past month. In that same time, the Oils-Energy sector gained 15.16%, while the S&P 500 gained 13.44%.
Wall Street will be looking for positivity from KMI as it approaches its next earnings report date. This is expected to be April 17, 2019. In that report, analysts expect KMI to post earnings of $0.25 per share. This would mark year-over-year growth of 13.64%. Meanwhile, our latest consensus estimate is calling for revenue of $3.59 billion, up 4.91% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.99 per share and revenue of $15.04 billion, which would represent changes of +11.24% and +6.31%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for KMI. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% higher. KMI currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KMI is holding a Forward P/E ratio of 17.94. For comparison, its industry has an average Forward P/E of 16.56, which means KMI is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 2.39. 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 was holding an average PEG ratio of 2.73 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 44% of all 250+ industries.
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.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.