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TheStreet Open House

5 Energy Stocks Hitting 52-Week Highs

NEW YORK ( TheStreet) - Shares of these energy companies hit 52-week highs on Tuesday: Kinder Morgan Energy Partners (KMP), Hornbeck Offshore Services (HOS - Get Report), World Fuel Services (INT - Get Report), Targa Resources Partners (NGLS - Get Report) and Magellan Midstream Partners (MMP - Get Report).

Kinder Morgan Energy Partners

The energy transportation company announced Tuesday that it's secured commitments to double the size of its Trans Mountain oil pipeline, according to Reuters.

"Given KMP's track record and expansive backlog of growth projects, we are increasing our long-term growth capex spending estimate to $2.0B/year from $1.0B/year previously," Wells Fargo analysts wrote in a Jan. 27 report.

Shares of Kinder Morgan Energy hit a 52-week high of $90.57 on Tuesday. The stock's 52-week low of $63.42 was set on Aug. 5.

Kinder Morgan Energy has an estimated price-to-earnings ratio for next year of 34.27; the average for pipeline companies is 64.55. For comparison, Targa (NGLS - Get Report) and Williams Partners (WPZ) both have lower forward P/Es of 21.31 and 18.87 respectively.

Of the 16 analysts who cover Kinder Morgan Energy, 11 rate it hold. Three analysts gave it a buy rating and two rated it sell.

TheStreet Ratings gives Kinder Morgan Energy a B grade with a buy rating and $103.25 price target. The stock has risen 6.25% year to date.

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SYM TRADE IT LAST %CHG
KMP $102.03 1.98%
HOS $19.76 0.00%
INT $56.75 -0.02%
MMP $78.97 0.00%
NGLS $40.54 -0.10%

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DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

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