The Q3 2016 Earnings Forecast for Kinder Morgan Inc. (KMI) Issued By Jefferies Group

The Q3 2016 Earnings Forecast for Kinder Morgan Inc. (KMI) Issued By Jefferies Group

Kinder Morgan Inc. (NYSE:KMI) – Stock analysts at Jefferies Group reduced their Q3 2016 earnings per share (EPS) estimates for Kinder Morgan in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi now forecasts that the firm will earn $0.12 per share for the quarter, down from their previous forecast of $0.14. Jefferies Group has a “Hold” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Kinder Morgan’s FY2016 earnings at $0.59 EPS and FY2017 earnings at $0.64 EPS.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 20th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.45 billion. Kinder Morgan had a net margin of 1.63% and a return on equity of 4.82%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS.

A number of other research analysts have also recently weighed in on KMI. Vetr cut Kinder Morgan from a “hold” rating to a “sell” rating and set a $18.16 price target for the company. in a research report on Monday, July 11th. Zacks Investment Research upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Monday, June 20th. Credit Suisse Group AG set a $23.00 price target on Kinder Morgan and gave the company a “hold” rating in a report on Wednesday, July 20th. Barclays PLC lifted their price target on Kinder Morgan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Finally, TheStreet raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.35.

Kinder Morgan (NYSE:KMI) traded down 0.58% on Friday, reaching $20.43. 7,443,508 shares of the company’s stock were exchanged. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 729.64 and a beta of 0.69. Kinder Morgan has a one year low of $11.20 and a one year high of $32.79. The firm has a 50 day moving average of $21.94 and a 200-day moving average of $19.59.

Several institutional investors have recently modified their holdings of the company. Stockman Asset Management boosted its position in shares of Kinder Morgan by 0.5% in the first quarter. Stockman Asset Management now owns 14,525 shares of the company’s stock worth $259,000 after buying an additional 76 shares during the last quarter. Fairfield Bush & CO. boosted its stake in Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. Ngam Advisors L.P. boosted its stake in Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares in the last quarter. CapWealth Advisors LLC boosted its stake in Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares in the last quarter. Finally, Ronna Sue Cohen boosted its stake in Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares in the last quarter. 54.61% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Company Profile

Related posts

Leave a Comment