For its third fiscal quarter (ending September 30), Kinder Morgan Inc. (NYSE: KMI) has reported a 17% increase in E.P.S. from $0.24 a year ago to $0.28 in the current quarter. This performance was $0.01 better than the consensus estimate of $0.26. E.P.S. were $1.14 for the latest four quarters through September 30 versus $1.10 for the same period a year ago — an increase of 4%.
Recent Price Action
On 10/16/24, Kinder Morgan Inc. (NYSE: KMI) stock rose modestly by 0.7%, closing at $24.93. Moreover, trading volume in this advance was above average at 142% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.9% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kinder Morgan has a neutral Appreciation Score of 57 but a very high Power Rating of 88, resulting in the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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