Kinder Morgan Energy Partners LP PT Lowered to $34.00 (KMP)
Analysts at Jefferies Group cut their price target on shares of Kinder Morgan Energy Partners LP (NYSE:KMP) from $38.00 to $34.00 in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective indicates a potential downside of 57.33% from the stock’s previous close.
Shares of Kinder Morgan Energy Partners LP (NYSE:KMP) traded up 0.09% on Thursday, hitting $79.68. The stock had a trading volume of 1,161,868 shares. Kinder Morgan Energy Partners LP has a 1-year low of $74.76 and a 1-year high of $92.99. The stock has a 50-day moving average of $80.61 and a 200-day moving average of $84.7. The company has a market cap of $34.427 billion and a price-to-earnings ratio of 25.84.
Kinder Morgan Energy Partners LP (NYSE:KMP) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.12. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. On average, analysts predict that Kinder Morgan Energy Partners LP will post $2.55 earnings per share for the current fiscal year.
KMP has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “hold” rating on shares of Kinder Morgan Energy Partners LP in a research note to investors on Wednesday, September 25th. They now have a $87.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Kinder Morgan Energy Partners LP from $89.00 to $86.00 in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $78.00.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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