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TheStreet Wire

Kinder Morgan Inc. (KMI): Today's Featured Energy Laggard

By TheStreet Wire 08/10/12 - 05:01 PM EDT

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

Kinder Morgan (KMI) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Kinder Morgan fell $1.17 (-3.3%) to $34.64 on heavy volume. Throughout the day, 22.6 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 8.4 million shares. The stock ranged in price between $34.48-$34.92 after having opened the day at $34.84 as compared to the previous trading day's close of $35.81. Other companies within the Energy industry that declined today were: ATP Oil & Gas (ATPG), down 72.5%, GeoMet (GMET), down 30.1%, Geokinetics (GOK), down 14.3%, and Delek US Holdings (DK), down 11.8%.

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Kinder Morgan, Inc. owns and operates energy transportation and storage assets in the United States and Canada. The company operates in six segments: Products Pipelines-KMP, Natural Gas Pipelines KMP, CO2 KMP, Terminals KMP, Kinder Morgan Canada KMP, and NGPL PipeCo LLC. Kinder Morgan has a market cap of $25.55 billion and is part of the basic materials sector. The company has a P/E ratio of 46.3, below the average energy industry P/E ratio of 401.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 11.3% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Kinder Morgan a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates Kinder Morgan as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management and disappointing return on equity.

You can view the full Kinder Morgan Ratings Report.

On the positive front, Houston American Energy Corporation (HUSA), up 37.9%, Sonde Resources (SOQ), up 10.3%, Camac Energy (CAK), up 8.7%, and TransAtlantic Petroleum (TAT), up 7.6%, were all gainers within the energy industry with Schlumberger (SLB) being today's featured energy industry leader.

Use our energy section to find industry-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 energy industry could consider Energy Select Sector SPDR (XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas (DDG).

Find other investment ideas from our top rated ETFs lists.

For more information on Kinder Morgan Inc. click any of the following:

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