Kinder Morgan Energy Partners Price Target Increased to $81.00 by Analysts at Jefferies Group (KMP)
Stock analysts at Jefferies Group lifted their price target on shares of Kinder Morgan Energy Partners (NYSE:KMP) from $77.00 to $81.00 in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 1.34% from the company’s current price.
KMP has been the subject of a number of other recent research reports. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $77.33.
Kinder Morgan Energy Partners (NYSE:KMP) traded up 0.01% during mid-day trading on Thursday, hitting $79.94. The stock had a trading volume of 280,533 shares. Kinder Morgan Energy Partners has a 52-week low of $71.32 and a 52-week high of $84.98. The stock’s 50-day moving average is $81.74 and its 200-day moving average is $78.04. The company has a market cap of $36.909 billion and a P/E ratio of 31.90.
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 $2.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 6.96%. The ex-dividend date is Tuesday, July 29th. This is a positive change 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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