Kinder Morgan Energy Partners, L.P. (KMP) was a big mover last session, as the company saw its shares rise by over 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock was trading in a narrow price range of $79.93 to $84.90 for most of the past one month before shooting up yesterday. The stock has returned 15.8% over the last month.
The company has seen three positive and four negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Kinder Morgan Energy Partners currently has a Zacks Rank #3 (Hold) with a positive Earnings ESP.
Some better-ranked stocks in the oil and gas industry include Sunoco Logistics Partners L.P. (SXL), Delek Logistics Partners, LP (DKL) and Plains All American Pipeline, L.P. (PAA). While Sunoco Logistics sports a Zacks Rank #1 (Strong Buy), Delek Logistics and Plains All American Pipeline hold a Zacks Rank #2.
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KINDER MORGAN ENERGY PTNR (KMP): Free Stock Analysis Report
SUNOCO LOGISTICS PRTNRS L P (SXL): Free Stock Analysis Report
DELEK LOGISTICS PARTNERS LP (DKL): Free Stock Analysis Report
PLAINS ALL AMERICAN PIPELINE LP (PAA): Free Stock Analysis Report
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