16.50 +0.33 (2.04%)
Pre-Market: 8:02AM EDT
|Bid||16.50 x 100|
|Ask||16.55 x 700|
|Day's Range||16.12 - 16.32|
|52 Week Range||14.69 - 21.25|
|PE Ratio (TTM)||1,617.00|
|Earnings Date||Apr 17, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||0.50 (3.26%)|
|1y Target Est||21.35|
On April 11, 2018, Mizuho cut Magellan Midstream Partners’ (MMP) price target from $72 to $66. On the same day, Ladenburg Thalmann cut MMP’s price target from $87 to $78. Analysts’ mean price target for Magellan Midstream is $74.
Kinder Morgan Inc said on Wednesday that recent events confirm an investment in the Trans Mountain pipeline expansion may be "untenable" and said Ottawa's pledge of financial support does not resolve political risk related to British Columbia's opposition. The comments come as the British Columbia (B.C.) government pledged to file a legal challenge by month-end to determine whether it has the jurisdiction to stop the C$7.4 billion ($5.9 billion) project, which was approved by the federal government in 2016 and would nearly triple capacity on the pipeline from Alberta to a Vancouver-area port. Kinder Morgan Canada , a unit of Kinder Morgan, halted most spending on the expansion earlier this month and set a May 31 deadline to decide if it would scrap the project entirely, citing legal and jurisdictional issues.
On a per-share basis, the Houston-based company said it had profit of 22 cents. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research ...
Kinder Morgan Inc. shares rose more than 2% in the extended session Wednesday after the energy infrastructure company beat adjusted per-share earnings expectations and announced a 60% increase in its dividend compared with the last quarter.
Kinder Morgan Canada, which was spun off from parent Kinder Morgan Inc in May last year, reported a net income of C$44.4 million ($35.17 million) for the first quarter ended March 31, down from C$46.8 million for the same period last year. The company, which earlier this month suspended work on its expansion of the Trans Mountain pipeline, moved 289,000 barrels per day (bbl/d) of crude and refined products through the pipeline down from 307,000 (bbl/d) a year earlier. Texas-based Kinder Morgan separately reported net income available to common stockholders of $485 million, or 22 cents per share, in the quarter to the end of March, compared with $401 million, or 18 cents per share, a year earlier.
Kinder Morgan, Inc. today announced that its board of directors approved a cash dividend of $0.20 per share for the first quarter payable on May 15, 2018, to common stockholders of record as of the close of business on April 30, 2018.
Caisse de Depot et Placement du Quebec disclosed a large stake in Kinder Morgan Canada Ltd., potentially bringing the country’s second-largest pension fund manager into the acrimonious fight over the Trans Mountain pipeline expansion. Montreal-based Caisse held 10.2 million shares as of Dec. 31, according to its annual report released Tuesday. The stake, worth about C$181 million ($143 million) at Wednesday’s prices, would make it the largest outside holder of Kinder’s Canadian unit, amounting to about 3 percent of the stock in the pipeline company or 7.8 percent of the publicly available shares.
Kinder Morgan Inc (NYSE:KMI) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $19.63 and falling to the lows ofRead More...
Kinder Morgan is getting ready for a series of big dividend increases, but this pair have been rewarding investors for years.
Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgan Inc.’s Trans Mountain pipeline expansion as they vow to make sure it gets ...
Currently, Kinder Morgan (KMI) stock is trading 5% below its 50-day moving average and 15% below its 200-day moving average. Kinder Morgan’s 50-day moving average fell below its 200-day moving average in April 2017, which is considered a bearish indicator. Since then, Kinder Morgan’s 50-day average has remained below its 200-day average.
According to a Wall Street Journal report, Canadian Prime Minister Justin Trudeau reiterated his support for Kinder Morgan’s (KMI) Trans Mountain expansion project. The report also mentioned that Trudeau asked Finance Minister Bill Morneau to discuss financial support for Kinder Morgan to remove the project’s risks and uncertainties.
Magellan Midstream Partners (MMP) expects its 2018 DCF (distributable cash flow) to be $1.1 billion—2.8% higher than its 2017 DCF. Its DCF rose 7.8% in 2017.
Alberta introduced legislation allowing it to halt exports of oil and gas to neighboring British Columbia, ramping up pressure on the coastal province to drop its opposition to Kinder Morgan Inc.’s pipeline ...
NEW YORK, NY / ACCESSWIRE / April 16, 2018 / U.S. equities plunged on Friday, but finished the week on a positive note, as bank earnings failed to lift market optimism amidst geopolitical anxiety. The ...
Canada's government got just 24 hours notice that it would be thrust into a political and economic crisis by an ultimatum from a pipeline operator, government sources said, leaving Prime Minister Justin Trudeau scrambling for options in a dispute that could damage his re-election chances. The Kinder Morgan Canada pipeline issue has pitted Ottawa against the Pacific province of British Columbia and could turn into a constitutional crisis, derail Trudeau's energy strategy and dent business confidence.
PM Trudeau plans to start talks with Kinder Morgan to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the vital project at risk.
Canadian Prime Minister Justin Trudeau said he would ensure the Trans Mountain pipeline expansion gets built despite fierce opposition from of British Columbia.