Yahoo Finance Kinder Morgan (KMI) Outpaces Stock Market Gains: What You Should Know
Kinder Morgan (KMI) closed at $16.89 in the latest trading session, marking a +0.6% move from the prior day. This move outpaced the S&P 500's daily gain of 0.17%. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, added 0.67%.
Heading into today, shares of the oil and natural gas pipeline and storage company had lost 3.73% over the past month, outpacing the Oils-Energy sector's loss of 8.08% and lagging the S&P 500's gain of 0.25% in that time.
Investors will be hoping for strength from Kinder Morgan as it approaches its next earnings release. The company is expected to report EPS of $0.29, down 9.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.24 billion, up 22.14% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.10 per share and revenue of $20.86 billion. These totals would mark changes of -5.17% and +8.66%, respectively, from last year.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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 1.25% lower. Kinder Morgan is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 15.29. This valuation marks a premium compared to its industry's average Forward P/E of 13.73.
Investors should also note that KMI has a PEG ratio of 5.1 right now. 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. KMI's industry had an average PEG ratio of 3.83 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
