Kinder Morgan Energy Partners LP Rating Increased to Overweight at Simmons (KMP)
Kinder Morgan Energy Partners LP (NYSE:KMP) was upgraded by analysts at Simmons to an “overweight” rating in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports.
KMP has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Kinder Morgan Energy Partners LP from $97.00 to $90.00 in a research note to investors on Wednesday, December 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan Energy Partners LP in a research note to investors on Tuesday, October 22nd. They now have a $88.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.90.
Kinder Morgan Energy Partners LP (NYSE:KMP) opened at 80.66 on Thursday. Kinder Morgan Energy Partners LP has a 52-week low of $77.13 and a 52-week high of $92.99. The stock’s 50-day moving average is $80.33 and its 200-day moving average is $81.85. The company has a market cap of $35.315 billion and a P/E ratio of 22.23.
Kinder Morgan Energy Partners LP (NYSE:KMP) last released its earnings data on Wednesday, October 16th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.11. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the company posted $0.57 earnings per share. Kinder Morgan Energy Partners LP’s revenue was up 31.3% compared to the same quarter last year. Analysts expect that Kinder Morgan Energy Partners LP will post $2.43 EPS for the current fiscal year.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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