Kinder Morgan Energy Partners Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:KMP)
Shares of Kinder Morgan Energy Partners (NYSE:KMP) have received an average rating of “Hold” from the twelve analysts that are covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $76.89.
A number of analysts have recently weighed in on KMP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, July 24th. They now have a $89.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Kinder Morgan Energy Partners from $90.00 to $92.00 in a research note on Thursday, July 17th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Kinder Morgan Energy Partners in a research note on Thursday, July 17th. They now have a $89.00 price target on the stock, up previously from $88.00.
Kinder Morgan Energy Partners (NYSE:KMP) opened at 80.47 on Wednesday. Kinder Morgan Energy Partners has a one year low of $71.32 and a one year high of $84.98. The stock’s 50-day moving average is $81.7 and its 200-day moving average is $78.0. The company has a market cap of $37.154 billion and a P/E ratio of 32.33.
Kinder Morgan Energy Partners (NYSE:KMP) last announced its earnings results on Wednesday, July 16th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.11. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Kinder Morgan Energy Partners will post $2.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from Kinder Morgan Energy Partners’s previous quarterly dividend of $1.38.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a pipeline transportation and energy storage company in North America.
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