Kinder Morgan Inc. (NYSE: KMI) has reported earnings for its second fiscal quarter (ending June 30) of $0.26 versus $0.26 for the same period a year ago — flat performance. This result exceeded the consensus estimate of $0.25 by $0.01. For the latest four quarters through June 30, E.P.S. were $1.10 versus $1.11 for the same period a year ago — a decline of -1%.
Recent Price Action
Kinder Morgan Inc. (NYSE: KMI) stock increased 1.4% on 7/17/24. The shares closed at $20.53. Moreover, this advance was accompanied by unusually high trading volume at 180% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KMI is expected to continue to be an important Value Builder.
Kinder Morgan has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kinder Morgan has a slightly positive Appreciation Score of 64 and a slightly positive Power Rating of 68, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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