|Bid||16.60 x 45900|
|Ask||0.00 x 39400|
|Day's range||16.71 - 16.96|
|52-week range||14.69 - 21.25|
|PE ratio (TTM)||349.38|
|Earnings date||17 Jul 2018 - 23 Jul 2018|
|Forward dividend & yield||0.80 (4.73%)|
|1y target est||20.55|
While none of us expect an Enron-like collapse, three investors debate their expectations for Kinder Morgan going forward. Spoiler alert: They don't reach the same conclusion, but they might help you reach yours.
TransCanada (TRP) and Enbridge (ENB) have fallen 16.0% and 19.0%, respectively, so far in 2018. The stocks underperformed the Energy Select Sector SPDR ETF (XLE), which is up 4.0% year-to-date. Kinder Morgan (KMI) has fallen 10.0%, and Kinder Morgan Canada (KML.TO) has fallen 12.0% so far in 2018. In comparison, crude oil prices are up ~11.0% year-to-date.
Of the analysts surveyed by Reuters, 58% of the analysts rate Targa Resources (TRGP) stock as a “buy,” while 42% rate it as a “hold.” The mean target price for Targa Resources provided by the surveyed analysts is $53.6. The mean target price implies an upside of 12% in a year from Targa Resources’ current price of $47.93.
With oil production in the Permian on pace to double, it’s fueling big-time growth for these companies.
Looking at the out-of-favor midstream sector for income stocks? This one has a low level of debt, a high yield, and a relatively cheap price.
Plains All American Pipeline’s (PAA) long-term debt-to-adjusted EBITDA ratio stood at 4.2x at the end of the first quarter. It has come down considerably from 5.0x at the end of the second quarter of 2017.
Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of ~10.1x. The stock’s multiple is lower than its five-year average of ~13.5x. Kinder Morgan’s multiple is also currently lower than those of many of its peers’.
Kinder Morgan (KMI) stock fell 0.3% in the week that ended on June 8. In comparison, peers Enterprise Products Partners (EPD) and ONEOK (OKE) fell 0.5% and 0.1%, respectively, in the week. Kinder Morgan is trading 5% above its 50-day moving average and 3% below its 200-day moving average.
Due to congested takeaway capacity and lack of enough pipelines to either the Pacific or the Atlantic Coasts, Canadian oil sells for a steep discount, but the Trans Mountain pipeline could change everything
While the sale of the pipeline giant’s largest growth project will dampen its prospects, the company’s backlog isn’t barren.
Richard Kinder holds 11.1% of Kinder Morgan’s (KMI) outstanding shares. The Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust Company are the three largest investors in Kinder Morgan following Richard Kinder. The three own 6.5%, 4.3%, and 4.0%, respectively, of KMI’s outstanding shares.
In this article, we’ll look at the 2018 capital spending plans of the four selected peers. Let’s start with ONEOK (OKE). ONEOK expects its 2018 capital expenditure to lie between $2.1 billion and $2.5 billion compared to 2017 capital expenditure of $512.4 million, which represents a YoY jump of 300%.
Short interest in Enterprise Products Partners (EPD) as a percentage of its float is 0.6%, lower than its percentage of 0.7% at the end of April. According to May 24 data, Enterprise Products Partners had 9.1 million shares shorted on May 15, representing a 15.7% fall from its 10.1 million shares shorted on April 30. Enterprise Products Partners’ short interest percentage is lower than its five-year average of 1.2%.
Enterprise Products Partners (EPD) stock has risen 6% so far this year. In comparison, Plains All American Pipeline (PAA) has risen 10%, Kinder Morgan (KMI) has fallen 12%, and the Alerian MLP ETF (AMLP) has fallen 7%. Crude oil prices have risen ~13%. To learn more about what’s driving crude oil prices, read How Global Supply Outages and Inventories Are Driving Oil Prices.