Kinder Morgan Inc. (KMI) Scheduled to Post Quarterly Earnings on Wednesday
Kinder Morgan Inc. (NYSE:KMI) will release its Q316 earnings data after the market closes on Wednesday, October 19th. Analysts expect Kinder Morgan to post earnings of $0.16 per share and revenue of $3.47 billion for the quarter.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.82% and a net margin of 1.63%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, analysts expect Kinder Morgan to post $0.62 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
Shares of Kinder Morgan Inc. (NYSE:KMI) opened at 20.19 on Tuesday. Kinder Morgan Inc. has a 1-year low of $11.20 and a 1-year high of $32.20. The company has a market cap of $45.07 billion, a P/E ratio of 721.07 and a beta of 0.69. The firm has a 50-day moving average price of $21.87 and a 200-day moving average price of $19.66.
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Several analysts recently commented on KMI shares. Morgan Stanley raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $23.00 to $24.00 in a report on Thursday, August 18th. Vetr raised Kinder Morgan from a “strong sell” rating to a “sell” rating and set a $19.80 target price on the stock in a report on Monday, July 18th. TheStreet raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Kinder Morgan in a report on Thursday, July 21st. Finally, Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, October 4th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $21.35.
Large investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC acquired a new stake in Kinder Morgan during the second quarter valued at about $193,000. Lakeview Capital Partners LLC acquired a new stake in Kinder Morgan during the second quarter valued at about $193,000. Cibc World Markets Corp acquired a new stake in Kinder Morgan during the second quarter valued at about $238,000. Virtu Financial LLC acquired a new stake in Kinder Morgan during the second quarter valued at about $299,000. Finally, Lehman Financial Resources Inc. boosted its stake in Kinder Morgan by 2.1% in the second quarter. Lehman Financial Resources Inc. now owns 18,942 shares of the company’s stock valued at $354,000 after buying an additional 385 shares during the period. 54.58% of the stock is owned by institutional investors.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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