Market Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Closes Previously Announced Acquisition of 15 Terminals and Infrastructure from BP Products North America
February 01, 2016 at 11:43 AM EST
[Business Wire] – Kinder Morgan, Inc. today closed the previously announced plan to acquire 15 refined products terminals from BP Products North America Inc. in a transaction valued at approximately $350 million. Read more on this. Kinder Morgan, Inc. (KMI) , valued at $33.61B, began trading this morning at $16.02. Today, shares have traded between $15.04 and $16.05 per share and has traded between $11.20 and $44.71 over the past 12 months. KMI shares are currently priced at 22.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.88x forward p/e ratio. The company pays shareholders $0.50 per share annually in dividends, yielding 3.04%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $0.18 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $0.73 is a $0.01 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.78 Billion. If realized, that would be a 5.00% increase over the year-ago quarter. In terms of ratings, Stifel upgraded KMI from Hold to Buy (Jan 28, 2016). Previously, Credit Suisse upgraded KMI from Neutral to Outperform. The average price target for KMI shares is $20.00, which is 24.84% above where the stock opened this morning. See more in (NYSE:KMI) Similar Articles: Stock Update: Kinder Morgan Inc (NYSE:KMI) – KINDER MORGAN 2016 Analyst Conference Stock Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Announces Additional Gas Capacity Commitments to the Northeast Energy Direct Project Company Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Transports Powder River Basin Barrels to Guernsey on Double H Pipeline System
