Kinder Morgan (KMI) Weak In Early Morning Trading

Trade-Ideas LLC identified Kinder Morgan (KMI) as a pre-market laggard candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Kinder Morgan

(

KMI

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Kinder Morgan as such a stock due to the following factors:

  • KMI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $589.8 million.
  • KMI traded 19,562 shares today in the pre-market hours as of 8:08 AM.
  • KMI is down 3% today from yesterday's close.

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More details on KMI:

Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The stock currently has a dividend yield of 7.3%. KMI has a PE ratio of 62. Currently there are 11 analysts that rate Kinder Morgan a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Kinder Morgan has been 16.8 million shares per day over the past 30 days. Kinder Morgan has a market cap of $60.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.75 and a short float of 2.6% with 2.03 days to cover. Shares are down 35.7% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Kinder Morgan as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and generally higher debt management risk.

Highlights from the ratings report include:

  • 46.56% is the gross profit margin for KINDER MORGAN INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 5.01% is above that of the industry average.
  • Despite the weak revenue results, KMI has outperformed against the industry average of 33.1%. Since the same quarter one year prior, revenues fell by 13.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 29.04%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 75.00% compared to the year-earlier quarter. Although its share price is down sharply from a year ago, do not assume that it can now be tagged as cheap and attractive. The reality is that, based on its current price in relation to its earnings, KMI is still more expensive than most of the other companies in its industry.
  • KINDER MORGAN INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, KINDER MORGAN INC reported lower earnings of $0.95 versus $1.15 in the prior year. For the next year, the market is expecting a contraction of 18.9% in earnings ($0.77 versus $0.95).

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