Kinder Morgan (KMI, $17.50) misses Q3 earnings expectations
Kinder Morgan Inc. posted third-quarter 2022 adjusted earnings of 25 cents, missing the Zacks Consensus Estimate of 29 cents per share. (as reported in Zacks Equity Research).
Revenues of $5,177 million exceeded the Zacks Consensus Estimate of $4,522 million,and was also higher than $3,824 million posted in the prior-year quarter.
While jet fuel volumes transported climbed +11% from the year-ago quarter, gasoline volumes were down -3% year over year.
For the full-year 2022, Kinder Morgan expects net income of $2.5 billion. It predicts DCF generation of $4.7 billion and an adjusted EBITDA of $7.2 billion. The company estimates a dividend of $1.11 per share, (+ 3% higher from the prior-year figure).
KMI in downward trend: price dove below 50-day moving average on May 08, 2023
KMI moved below its 50-day moving average on May 08, 2023 date and that indicates a change from an upward trend to a downward trend. In of 53 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for KMI crossed bearishly below the 50-day moving average on May 04, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KMI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for KMI entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for KMI's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KMI advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
KMI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.177) is normal, around the industry mean (84.975). P/E Ratio (14.286) is within average values for comparable stocks, (15.790). Projected Growth (PEG Ratio) (3.848) is also within normal values, averaging (2.148). Dividend Yield (0.069) settles around the average of (0.074) among similar stocks. P/S Ratio (1.936) is also within normal values, averaging (2.342).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. KMI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of pipeline transportation of natural gas
Industry OilGasPipelines
KMI and
Correlation & Price change
A.I.dvisor indicates that over the last year, KMI has been closely correlated with WMB. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if KMI jumps, then WMB could also see price increases.
