Stock Traders Buy High Volume of Kinder Morgan Energy Partners Put Options (KMP)
Kinder Morgan Energy Partners (NYSE:KMP) was the target of some unusual options trading activity on Wednesday. Stock traders bought 9,654 put options on the stock, Analyst RN reports. This is an increase of approximately 594% compared to the average daily volume of 1,392 put options.
A number of analysts have recently weighed in on KMP shares. Analysts at Goldman Sachs upgraded shares of Kinder Morgan Energy Partners to a “conviction buy list” rating in a research note on Thursday, May 15th. Separately, analysts at Canaccord Genuity cut their price target on shares of Kinder Morgan Energy Partners to $11.00 in a research note on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $75.28.
Shares of Kinder Morgan Energy Partners (NYSE:KMP) traded up 1.26% on Wednesday, hitting $77.70. The stock had a trading volume of 1,901,588 shares. Kinder Morgan Energy Partners has a 52 week low of $71.32 and a 52 week high of $88.08. The stock’s 50-day moving average is $75.90 and its 200-day moving average is $77.71. The company has a market cap of $35.266 billion and a P/E ratio of 22.20.
Kinder Morgan Energy Partners (NYSE:KMP) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. On average, analysts predict that Kinder Morgan Energy Partners will post $2.77 earnings per share 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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