Kinder Morgan Energy Partners Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:KMP)
Shares of Kinder Morgan Energy Partners (NYSE:KMP) have earned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Analyst RN reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $71.95.
Shares of Kinder Morgan Energy Partners (NYSE:KMP) opened at 74.27 on Friday. Kinder Morgan Energy Partners has a one year low of $71.32 and a one year high of $89.89. The stock’s 50-day moving average is $75.60 and its 200-day moving average is $78.55. The company has a market cap of $33.709 billion and a price-to-earnings ratio of 21.55.
Kinder Morgan Energy Partners (NYSE:KMP) last released its earnings data on Wednesday, April 16th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.04. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the company posted $0.97 earnings per share. Kinder Morgan Energy Partners’s revenue was up 37.2% compared to the same quarter last year. Analysts expect that Kinder Morgan Energy Partners will post $2.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from Kinder Morgan Energy Partners’s previous quarterly dividend of $1.36.
A number of analysts have recently weighed in on KMP shares. Analysts at Canaccord Genuity cut their price target on shares of Kinder Morgan Energy Partners to $11.00 in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan Energy Partners in a research note on Tuesday, April 29th. They now have a $78.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Kinder Morgan Energy Partners in a research note on Tuesday, April 22nd. They now have a $93.00 price target on the stock.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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