|Bid||17.22 x 1200|
|Ask||17.23 x 4000|
|Day's Range||17.05 - 17.75|
|52 Week Range||14.62 - 19.56|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||0.80 (4.51%)|
|1y Target Est||21.39|
Moody's Investors Service ("Moody's") today assigned a Ba2 rating to Carroll County Energy, LLC's (CCE or Borrower or Project) planned $530 million senior secured credit facilities consisting of a $460 million senior secured term loan B due 2026, and a $70 million senior secured revolving credit facility also due 2026. The Project owns a 700 MW natural gas-fired, combined-cycle generation plant called Carroll County Energy (Carroll County), which reached commercial operation in December 2017, and is based in Carroll County, OH.
Kinder Morgan (KMI) will contribute part of its Wyoming Intrastate Company and Cheyenne Plains Gas Pipeline, while Tallgrass Energy would contribute the Pony Express Pipeline System.
The pipeline company is forming a joint venture with Tallgrass Energy for a new oil pipeline to support the fast-growing Rockies region.
Midstream Stocks Gained for the Third Straight WeekMidstream stocks gained Midstream stocks and MLPs continued to gain in the third week of 2019. The Alerian MLP Index rose 1.9% in the week ending January 18. In comparison, the Energy Select Sector
The SPDR Energy Select Sector ETF dropped 2.1% Tuesday, with all components trading lower, following disappointing earnings from Halliburton Co. and as concerns over a global economic slowdown triggered weakness in oil prices. Halliburton's stock was the energy ETF's (XLE) biggest decliner, as it slumped 5.0% despite earnings and revenue that topped expectations, with some analysts citing somewhat downbeat guidance for its North America business and margin headwinds. Among the XLE's other more-active components, shares of Schlumberger Ltd. sank 2.1%, Kinder Morgan Inc. dropped 1.4% and Marathon Oil Corp. shed 2.3%. Meanwhile, crude oil futures slid 2.8%. The XLE has now dropped 11.6% over the past three months, while crude futures have tumbled 24% and the S&P 500 has slipped 4.6%.
# Kinder Morgan Inc ### NYSE:KMI View full report here! ## Summary * Perception of the company's creditworthiness is positive and improving * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for KMI with fewer than 5% of shares on loan. 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. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.01 billion over the last one-month into ETFs that hold KMI are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Positive The current level displays a positive indicator with a strengthening bias over the past 1-month. KMI credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Tallgrass Energy, LP (TGE) and Kinder Morgan, Inc. (KMI) today announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River and Denver-Julesburg basins and to add incremental capacity to the Williston Basin and portions of Western Canada. TGE would contribute its Pony Express Pipeline System, and KMI would contribute portions of its Wyoming Intrastate Company and Cheyenne Plains Gas Pipeline and begin the process of abandonment and conversion to crude oil service. In addition, approximately 200 miles of new pipeline would be constructed to provide crude oil deliveries into Cushing, Okla.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a top automaker and a leading airline. Bearish calls included a troubled utility and a video game ...
The immediate fears surrounding Chesapeake Energy (NYSE:CHK) appear to have passed. A falling stock market and plunging oil prices late last year led to a selling spree in CHK stock. However, as oil prices have moved back above the $50 per barrel mark, interest in CHK returned. Still, for all of these improvements, Chesapeake Energy stock remains a struggling penny stock. As such, a sustained drop in oil prices could compromise the profits on which CHK has slowly built a recovery. Still, assuming it can stay the course and continue to reduce its debt, CHK stock appears positioned for an eventual move higher. ### CHK Stock Is Back. . . To Its Slow Recovery CHK stock has enjoyed a dramatic recovery since Christmas Eve. From its 52-week low of $1.71, it has surged to around $2.90 per share range in under a month. InvestorPlace - Stock Market News, Stock Advice & Trading Tips A few factors have worked in favor of CHK stock in that time. For one, the overall market recovered. The S&P 500 has increased by over 11% since the December 24th low. Oil prices, which saw a surprisingly dramatic plunge in the last months of 2018, have begun to recover. As a result, West Texas Intermediate (WTI) crude again trades at over $50 per barrel. ### Both Risk and Reward Lies in the Balance Sheet While concerns of an impending bankruptcy have abated, this takes us back to the scenario described in my previous article on CHK stock. * 7 Companies Apple Should Consider Buying Chesapeake remains a $2.55 billion company with negligible cash reserves. It also still holds almost $9.4 billion in long-term debt. This may explain why CHK remains a penny stock despite a 4.5 forward P/E ratio. Given these circumstances, CHK stock remains a poor choice for risk-averse investors. However, for those who can tolerate more risk and want a speculative play, I see a high degree of potential for Chesapeake. For one, despite the high costs of servicing its debt, analysts forecast profits every year through at least fiscal 2020. As it realizes those profits, Chesapeake can pay down more of its debt. Reduced debt should lead to a higher CHK stock price over time. This virtuous cycle of falling debt and higher equity would return Chesapeake to financial stability in time. ### Strategic Moves Should Pay Off, Eventually I think the strategic moves that might have concerned investors will ultimately build confidence in CHK. CEO Doug Lawler announced that the company would reduce active rig counts from 18 to 14 for 2019. Some might wonder how reducing the number of rigs improves the business. My colleague James Brumley believes it helps. He described this move as prioritizing "quality over quantity," and I agree. With oil prices down by almost one-third from their October highs, I think this makes sense. The production level of 462,000 to 464,000 barrels of oil equivalent per day fell from last year's numbers. However, it comes in ahead of the 448,000 per day analysts had expected. Also, the costs of the proposed $4 billion acquisition of Wildhorse Resources (NYSE:WRD) probably made some investors nervous as well. However, it increases the company's stake in oil, which for now produces much higher margins than natural gas. Speaking of natural gas, its margins should also improve over time. CHK remains one of the largest natural gas producers in the country. As such, it can benefit from the burgeoning export industry in liquefied natural gas (LNG). A third terminal began LNG production in Corpus Christi, Texas late last year. Several other terminals are in the planning stages, and analysts estimate that the U.S.'s export capacity will more than double this year. Both Cheniere Energy (NYSEAMERICAN:LNG) and Dominion Energy (NYSE:D) operate terminals. In the coming months, industry analysts expect Kinder Morgan (NYSE:KMI) and Freeport LNG to finish construction on their terminals. ### The Bottom Line on CHK Stock For all of the price fluctuations and possible strategies that can affect CHK stock, maintaining a virtuous cycle of falling debt and rising stock prices remains critical to inspiring confidence. The immediate fears caused by the drop in oil prices appear to have passed. Oil again trades over $50 per barrel. Also, production should become more focused once the Wildhorse Deal closes in February. Moreover, prospects for natural gas should only improve as more LNG export terminals come online. * 7 Retail Stocks to Buy for the Rise of Menswear Still, for all of the optimism, debt levels remain well above the market cap. But profit forecasts for CHK stock offer a plausible path back to financial stability. If debt continues falling, those investors who bear the high risks of CHK should enjoy massive gains as Chesapeake stabilizes. However, no matter how much oil and natural gas prices influence moves in the stock, it is debt and equity that will ultimately define CHK stock. As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Balance Sheet Numbers Are Key for Chesapeake Energy Stock appeared first on InvestorPlace.
Schlumberger’s Fourth-Quarter Earnings Fell 22%SLB’s earnings meet estimates Schlumberger (SLB) reported its fourth-quarter 2018 earnings today. The company’s adjusted EPS fell 22% sequentially and met analysts’ estimates. The company’s
NEW YORK, Jan. 18, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
(KMI) (KMI) stock is rising Thursday, reversing previous losses after its fourth-quarter earnings on hopes it will shed its CO2 unit. Where we were: Kinder Morgan is up more than 15% in 2019 after a downbeat 2018. Where we’re headed: The quarter itself may not have been very exciting, but reports that Kinder Morgan may be open to various options for its carbon-dioxide unit helped to boost sentiment.
The Houston-based company is working with advisers to seek buyers for its CO2 business, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and Kinder Morgan could opt to keep the segment, they said. A representative for Kinder Morgan declined to comment.
Kinder Morgan Inc (NYSE: KMI ) reported Q4 results that were broadly in-line with expectations after the close Wednesday and maintained its 2019 guidance. Although the company has some exposure to flailing ...
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.