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) Stock Moves -0.28%: What You Should Know
Read MoreHide Full Article
Kinder Morgan (KMI - Free Report) ended the recent trading session at $21.33, demonstrating a -0.28% swing from the preceding day's closing price. This change was narrower than the S&P 500's 0.6% loss on the day. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 1.12%.
Shares of the oil and natural gas pipeline and storage company witnessed a loss of 1.52% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.38% and the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of Kinder Morgan in its forthcoming earnings report. The company's upcoming EPS is projected at $0.27, signifying an 8% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.82 billion, down 2.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $15.28 billion, which would represent changes of +11.21% and -0.38%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Kinder Morgan. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, there's been a 1.86% fall in the Zacks Consensus EPS estimate. As of now, Kinder Morgan holds a Zacks Rank of #3 (Hold).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 17.92. This signifies no noticeable deviation in comparison to the average Forward P/E of 17.92 for its industry.
Meanwhile, KMI's PEG ratio is currently 2.98. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production and Pipelines industry had an average PEG ratio of 3.06.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 148, finds itself in the bottom 42% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kinder Morgan (KMI) Stock Moves -0.28%: What You Should Know
Kinder Morgan (KMI - Free Report) ended the recent trading session at $21.33, demonstrating a -0.28% swing from the preceding day's closing price. This change was narrower than the S&P 500's 0.6% loss on the day. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 1.12%.
Shares of the oil and natural gas pipeline and storage company witnessed a loss of 1.52% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.38% and the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of Kinder Morgan in its forthcoming earnings report. The company's upcoming EPS is projected at $0.27, signifying an 8% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.82 billion, down 2.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $15.28 billion, which would represent changes of +11.21% and -0.38%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Kinder Morgan. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, there's been a 1.86% fall in the Zacks Consensus EPS estimate. As of now, Kinder Morgan holds a Zacks Rank of #3 (Hold).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 17.92. This signifies no noticeable deviation in comparison to the average Forward P/E of 17.92 for its industry.
Meanwhile, KMI's PEG ratio is currently 2.98. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production and Pipelines industry had an average PEG ratio of 3.06.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 148, finds itself in the bottom 42% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.