|Bid||68.00 x 800|
|Ask||68.02 x 800|
|Day's Range||67.44 - 68.49|
|52 Week Range||49.65 - 71.99|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||35.20|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||3.30 (4.93%)|
|1y Target Est||72.94|
Kinder Morgan’s (KMI) adjusted net debt-to-adjusted EBITDA ratio was 4.6x at the end of the third quarter. The ratio improved from 5.1x at the end of 2017 and 4.9x at the end of the second quarter. The adjusted net debt excludes ~$919 million of cash that will go to Kinder Morgan Canada’s (KML.TO) public shareholders. At the end of the third quarter, Kinder Morgan’s adjusted net debt was $34.5 billion—down from ~$36.6 billion at the end of the second quarter.
Kinder Morgan (KMI) reported its third-quarter results on October 17. Kinder Morgan’s DCF (distributable cash flow) in the third quarter rose ~3.6% YoY (year-over-year) to $1.093 billion. The growth in the company’s DCF was driven by higher earnings across its segments, except the Kinder Morgan Canada segment. The Kinder Morgan Canada segment’s earnings fell due to the sale of the Trans Mountain project, which was completed on August 31. Kinder Morgan’s DCF for the quarter was ~$650 million more than the declared dividends for the quarter.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Oneok Inc. (OKE) have what it takes? Let's find out.
Oneok (OKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Kinder Morgan (KMI) announced its third-quarter results on October 17 after the markets closed. The company announced an adjusted EPS of $0.21—up ~40% compared to $0.15 in the third quarter of 2017. The reported EPS, including gains on the Trans Mountain sale, was $0.31. The analyst-adjusted EPS was $0.22, which was ~3.6% higher than the consensus estimates for the quarter. Kinder Morgan’s third-quarter revenues were $3.517 billion, which missed the estimates by ~1.2%.
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Credit Suisse updated its ratings on several MLP and midstream stocks last week. Credit Suisse started coverage on Plains All American Pipeline (PAA), Plains GP Holdings (PAGP), Williams Companies (WMB), Energy Transfer Equity (ETE), Kinder Morgan (KMI), MPLX (MPLX), and Enterprise Products Partners (EPD) with an “outperform” rating.
Midstream stocks, including MLPs, fell in the week ending October 12. Top midstream stocks and MLPs outperformed the broader markets, which fell 4.1% for the week. The Alerian MLP Index fell 3.2% for the week. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 5.4% last week. WTI crude oil futures prices fell ~4.0% for the week.
Of the 20 analysts surveyed by Reuters covering Kinder Morgan (KMI), nine analysts recommended a “strong buy,” seven recommended a “buy,” and four recommended a “hold.” The mean target price for Kinder Morgan is $21.44, which implies 23% upside from its current price of $17.42.
Recently, the short interest in Kinder Morgan (KMI) stock fell 14% to ~36 million shares on September 28. The short interest in Kinder Morgan was ~41.8 million shares on September 14. The short interest in Kinder Morgan as a percentage of its float is down ~1.9% from ~2.2% on September 14.
Kinder Morgan (KMI) stock has fallen ~4% YTD (year-to-date). Kinder Morgan has been trading mainly sideways for about three months. If the company delivers strong third-quarter earnings, its stock might get a boost. At the same time, broader market sentiments will likely continue to impact the stock. Among Kinder Morgan’s peers, ONEOK (OKE) has risen 23%, while Enterprise Products Partners (EPD) has risen 6% YTD. The Energy Select Sector SPDR ETF (XLE) has risen ~4% YTD.
Analysts expect Kinder Morgan’s (KMI) third-quarter revenues to be $3.523 billion—3% higher than its second-quarter revenues. The estimated third-quarter revenues represent a 7% rise YoY (year-over-year). Kinder Morgan beat its revenue estimates in four of the last ten quarters and missed the estimates in six quarters. Kinder Morgan’s net income is expected to rise 10% sequentially, which represents an expected 44% rise YoY.
NEW YORK, Oct. 11, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
TULSA, Okla. , Oct. 9, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release third-quarter 2018 earnings after the market closes on Oct. 30, 2018 . ONEOK's executive management will participate in ...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. OKE credit default swap spreads are at their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
After last-minute negotiations over the weekend, Canada was able to join an agreement with the United States and Mexico to form the United States-Mexico-Canada Agreement (USMCA). One of the key weights for the Trump administration closing the final trade negotiations with Canada was the firm opposition of Mexico's incoming president, Andres Manuel Lopez Obrador , to NAFTA becoming only a two-nation trade deal due to the strong footprint that U.S. and Canadian companies have in the Mexican energy sector (upstream, midstream and power). Lopez Obrador had insisted on the trade agreement being a three-way deal and Mexico is sticking to its already-negotiated side of the agreement.
Top midstream stocks including Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) fell last week. Williams Companies fell 2.5% for the week, whereas ONEOK and Kinder Morgan fell 1.9% and 1.8%, respectively. The Alerian MLP Index fell 1.3% for the week. On the other hand, the Energy Select Sector SPDR ETF (XLE) rose 0.9% last week.
Includes MB-5 Fractionator and Expansion of Arbuckle II NGL Pipeline TULSA, Okla. , Sept. 25, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced plans to construct additional natural gas liquids ...
Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively. Viper Energy Partners has risen 77% so far in 2018. Enbridge Energy Partners (EEP) rose 2.4% for the week. Both Enbridge Energy Management and Enbridge Energy Partners were boosted by the acquisition agreement with Enbridge (ENB) that we discussed in the last part of this series.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a negative indicator.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. OKE credit default swap spreads are within the middle of their range for the last three years.