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TheStreet Wire

Kinder Morgan Energy Partners LP (KMP): Today's Featured Basic Materials Laggard

By TheStreet Wire 07/25/12 - 05:01 PM EDT

Find out if (KMP) is in Cramer's Portfolio.

Kinder Morgan Energy Partners (KMP) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Kinder Morgan Energy Partners fell $1.49 (-1.8%) to $81.53 on average volume. Throughout the day, 922,772 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 711,600 shares. The stock ranged in price between $81.51-$83.68 after having opened the day at $83.31 as compared to the previous trading day's close of $83.02. Other company's within the Basic Materials sector that declined today were: James River Coal Company (JRCC), down 13.2%, Cubic Energy (QBC), down 10%, Weatherford International (WFT), down 8.8%, and Energy Services of America Corporation (ESA), down 8.2%.

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Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $20.13 billion and is part of the energy industry. The company has a P/E ratio of 66.7, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full Kinder Morgan Energy Ratings Report.

On the positive front, BioFuel Energy Corporation (BIOF), up 40.6%, Pacific Ethanol (PEIX), up 33.7%, Recovery Energy (RECV), up 20%, and Lizhan Environmental (LZEN), up 19.5%, were all gainers within the basic materials sector with Apache Corporation (APA) being today's featured basic materials sector leader.

Use our basic materials section to find sector-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

Find other investment ideas from our top rated ETFs lists.

For more information on Kinder Morgan Energy Partners LP click any of the following:

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