We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
The latest trading session saw Kinder Morgan (KMI - Free Report) ending at $17.35, denoting a +0.35% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.11%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 3.53% in the past month. In that same time, the Oils-Energy sector lost 2.52%, while the S&P 500 gained 8.22%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company is expected to report EPS of $0.30, down 3.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.14 billion, down 9.56% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $15.57 billion, which would represent changes of -5.17% and -18.93%, respectively, from the prior 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.13% lower. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Kinder Morgan is currently being traded at a Forward P/E ratio of 15.69. Its industry sports an average Forward P/E of 16.91, so one might conclude that Kinder Morgan is trading at a discount comparatively.
It is also worth noting that KMI currently has a PEG ratio of 5.23. 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 4.77 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 47, positioning it in the top 19% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kinder Morgan (KMI) Exceeds Market Returns: Some Facts to Consider
The latest trading session saw Kinder Morgan (KMI - Free Report) ending at $17.35, denoting a +0.35% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.11%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 3.53% in the past month. In that same time, the Oils-Energy sector lost 2.52%, while the S&P 500 gained 8.22%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. The company is expected to report EPS of $0.30, down 3.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.14 billion, down 9.56% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $15.57 billion, which would represent changes of -5.17% and -18.93%, respectively, from the prior 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.13% lower. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Kinder Morgan is currently being traded at a Forward P/E ratio of 15.69. Its industry sports an average Forward P/E of 16.91, so one might conclude that Kinder Morgan is trading at a discount comparatively.
It is also worth noting that KMI currently has a PEG ratio of 5.23. 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 4.77 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 47, positioning it in the top 19% 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.