Analysts are weighing in on how Kinder Morgan Inc (NYSE:KMI), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.4. The stock is rated as buy by 0 analysts, with 0 outperform and 0 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 17.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.15 a share, which would compare with $0.16 in the same quarter last year. They have a high estimate of $0.20 and a low estimate of $0.12. Revenue for the period is expected to total nearly $3.44B from $3.46B the year-ago period.
For the full year, 14.00 Wall Street analysts forecast this company would deliver earnings of 0.70 per share, with a high estimate of $0.90 and a low estimate of $0.60. It had reported earnings per share of $0.72 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $13.79B versus 14.40B in the preceding year.
The analysts project the company to maintain annual growth of around 8.84% percent over the next five years as compared to an average growth rate of 8.79% percent expected for its competitors in the same industry.
Among the 19 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for KMI is $20.79 but some analysts are projecting the price to go as high as $36.00. If the optimistic analysts are correct, that represents a 105 percent upside potential from the recent closing price of $17.60. Some sell-side analysts, particularly the bearish ones, have called for $17.00 price targets on shares of Kinder Morgan Inc (NYSE:KMI).
In the last reported results, the company reported earnings of $0.16 per share, while analysts were calling for share earnings of $0.19. It was an earnings surprise of -15.80%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas facilities. The CO2 segment produces, transports, and markets CO2 for use in enhanced oil recovery projects; and owns interests in oil-producing fields, gas processing plants, and crude oil pipelines in the Permian Basin region of West Texas. The Terminals segment owns and operates liquids and bulk terminals that transload and store refined petroleum products, crude oil, and condensate, as well as bulk products, including coal, petroleum coke, cement, alumina, salt, and other bulk chemicals; and owns and operates tankers. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Kinder Morgan Canada segment owns and operates Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, and Canada to marketing terminals and refineries in British Columbia, Canada, and Washington; and jet fuel aviation turbine fuel pipeline that serves the Vancouver (Canada) International Airport. The Other segment includes various physical natural gas contracts with power plants. Kinder Morgan, Inc. owns interests in or operates approximately 84,000 miles of pipelines and 180 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.