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Kinder Morgan (KMI) Dips More Than Broader Markets: What You Should Know

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In the latest trading session, Kinder Morgan (KMI - Free Report) closed at $19.98, marking a -0.57% move from the previous day. This change lagged the S&P 500's 0.46% loss on the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 0.63%.

Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 4.53% over the past month. This has outpaced the Oils-Energy sector's gain of 0.78% and the S&P 500's gain of 1.08% in that time.

KMI will be looking to display strength as it nears its next earnings release. On that day, KMI is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 13.64%. Meanwhile, our latest consensus estimate is calling for revenue of $3.60 billion, up 5.32% from the prior-year quarter.

KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.99 per share and revenue of $15.15 billion. These results would represent year-over-year changes of +11.24% and +7.09%, respectively.

It is also important to note the recent changes to analyst estimates for KMI. 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 1.13% lower. KMI is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, KMI is holding a Forward P/E ratio of 20.37. This valuation marks a premium compared to its industry's average Forward P/E of 17.19.

Meanwhile, KMI's PEG ratio is currently 2.72. 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. KMI's industry had an average PEG ratio of 2.54 as of yesterday's close.

The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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