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Market Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Units Award EPC Contract To IHI E&C For Planned LNG Export Facility At Elba Island, Georgia

[PR Newswire] – HOUSTON, April 5, 2016 /PRNewswire/ — Kinder Morgan, Inc. (NYSE: KMI) and IHI E&C jointly announced today that Kinder Morgan subsidiaries, Elba Liquefaction Company, L.L.C. and Southern LNG Company, … Read more on this. Kinder Morgan, Inc. (KMI) , valued at $38.38B, began trading this morning at $17.14. Today, shares have traded between $16.84 and $17.30 per share with a one year range of $11.20 to $44.71. KMI shares are currently priced at 24.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.04x earnings multiple. And for passive income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 2.89%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.19 per share, which would be $0.05 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.71, which would be a $0.01 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.75 Billion. If reported, that would be a 4.17% increase over the year-ago quarter. More recently, Credit Suisse downgraded KMI from Outperform to Neutral (Mar 17, 2016). Previously, Stifel upgraded KMI from Hold to Buy. With the above information in mind, readers should note that the average price target is $20.59, which is 20.13% above where the stock opened this morning. See more in (NYSE:KMI) Similar Articles: Market Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Closes Previously Announced Acquisition of 15 Terminals and Infrastructure from BP Products North America Stock Update: Kinder Morgan Inc (NYSE:KMI) – Technical Coverage on Oil & Gas Pipelines Stocks – Kinder Morgan, Energy Transfer Equity, Williams Cos., and Spectra Energy Stock Update: Kinder Morgan Inc (NYSE:KMI) – KINDER MORGAN 2016 Analyst Conference
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