|Bid||0.00 x 800|
|Ask||30.10 x 800|
|Day's range||15.72 - 16.25|
|52-week range||14.69 - 19.83|
|Beta (3Y monthly)||0.60|
|PE ratio (TTM)||N/A|
|Earnings date||15 Jan 2019 - 21 Jan 2019|
|Forward dividend & yield||0.80 (4.86%)|
|1y target est||21.65|
About 81% of the analysts surveyed by Reuters covering Kinder Morgan (KMI) recommended a “buy,” 14% recommended a “hold,” and 5% recommended a “sell.” The median target price for Kinder Morgan is $21, which implies an upside potential of ~26% from its current price.
According to data released on November 27, the short interest in Kinder Morgan (KMI) fell 19.4% recently. The number of Kinder Morgan shares shorted fell from 49.5 million on October 31 to 39.9 million on November 15. The short interest in Kinder Morgan as a percentage of its float is 2.1%. A fall in the short interest indicates that fewer investors expect Kinder Morgan’s price to fall in near future than those that expected a fall at the end of October.
Kinder Morgan (KMI) is trading at a forward EV-to-EBITDA multiple that’s lower than its own historical average multiple and its peers’ multiple. The lower multiple indicates that the stock might be undervalued. Kinder Morgan’s forward EV-to-EBITDA multiple is 9.6x. The company’s five-year average EV-to-EBITDA multiple is 12.7x.
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Kinder Morgan's (KMI) projected distributable cash flow growth to be supported by a backlog of $6.5 billion comprising energy infrastructure expansion opportunities.
CALGARY , Dec. 3, 2018 /CNW/ - Kinder Morgan Canada Limited (KML.TO) today announced its preliminary 2019 financial projections. "We expect 2019 to be a good year for Kinder Morgan Canada Limited business," said KML Chairman and CEO Steve Kean . "KML's strategic assets include the Canadian portion of the Cochin Pipeline system transporting light condensate from the United States to Fort Saskatchewan, Alberta , one of the largest integrated networks of crude tank storage and rail terminals in Western Canada , and the largest mineral concentrate export/import facility on the west coast of North America. Those assets are expected to continue to generate substantial value for KML shareholders in 2019.
Kinder Morgan, Inc. (KMI) today announced its preliminary 2019 financial projections. “This year has been a very good one for Kinder Morgan and we expect to nicely exceed our budget. In 2019, with our market fundamentals remaining very strong, the Elba Liquefaction Project coming online and Gulf Coast Express entering service, we project continued growth,” said Steve Kean, KMI chief executive officer.
Cheniere (LNG) currently exports to around 30 countries worldwide, as the firm aims at turning the natural gas glut in the United States into export revolution.
Energy Transfer (ET) stock has a median target price of $22.31—compared to its current market price of $14.42, which implies a healthy estimated upside of 55% for the next 12 months.
Energy Transfer (ET) stock seems to be trading at a discounted valuation compared to its five-year historical average. The stock is trading at a forward enterprise value-to-EBITDA multiple of 11x based on the estimated earnings for the next year. Energy Transfer’s historical average valuation is near 16x. Peers’ average valuation is close to 10x. So, the stock looks expensive compared to its peers. However, Energy Transfer’s strong expected growth above 13% next year likely justifies the premium valuation.
On November 19, U.S. Capital Advisors raised its rating for Targa Resources (TRGP) to “overweight” from “hold.” However, U.S. Capital Advisors cut its target price for the stock from $61 to $59. Among the 22 Reuters-surveyed analysts covering Targa Resources, eight rated the stock as a “strong buy,” six rated it as a “buy,” and eight rated it as a “hold.”
Crude oil prices fell more than 10% in the week ending November 23. The top midstream companies followed, even though the fall was less compared to the fall in oil prices. The Alerian MLP Index fell 3.3% for the week. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 4.9%.
Kinder Morgan (KMI) closed the most recent trading day at $17.17, moving +1.24% from the previous trading session.
Energy Transfer (ET) paid a per-unit distribution of $0.305 for Q3 2018, which implies a yield of ~8.3%, based on Energy Transfer’s current stock price. Though Energy Transfer Partners’ unitholders had to take an effective distribution cut after the merger with Energy Transfer Equity, Energy Transfer’s yield looks attractive currently. Energy Transfer’s distribution coverage ratio, pro forma for the Energy Transfer Partners-Energy Transfer Equity merger, was 1.73x for Q3 2018.
The Vanguard Group was the top institutional investor in midstream C corporation Kinder Morgan (KMI) during the third quarter. The Vanguard Group added ~1.7 million shares of Kinder Morgan during the quarter and held more than 6.6% of its total outstanding shares as of September 30. Richard Kinder, Kinder Morgan’s co-founder and executive chair, held more than 11.1%, or 245.9 million shares, of Kinder Morgan as of March 9.
Per FERC, Kinder Morgan (KMI) will be able to reduce the negative impacts the Gulf LNG project if it adheres to the suggestions in the draft report.
Kinder Morgan (KMI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.