Kinder Morgan Canada Ltd (TSE:KML) – Equities research analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for Kinder Morgan Canada in a report issued on Wednesday, September 5th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.28 per share for the year, down from their prior forecast of $0.37. National Bank Financial currently has a “Sector Perform” rating and a $17.00 target price on the stock.
Several other equities analysts also recently weighed in on KML. TD Securities dropped their price target on Kinder Morgan Canada from C$17.50 to C$16.50 and set a “hold” rating for the company in a research report on Thursday. Royal Bank of Canada dropped their price target on Kinder Morgan Canada from C$24.00 to C$18.00 and set an “outperform” rating for the company in a research report on Wednesday, May 30th. Finally, CIBC dropped their price target on Kinder Morgan Canada from C$22.00 to C$17.00 in a research report on Wednesday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$18.30.
Kinder Morgan Canada stock opened at C$16.53 on Friday. Kinder Morgan Canada has a fifty-two week low of C$14.93 and a fifty-two week high of C$20.00.
Kinder Morgan Canada (TSE:KML) last released its quarterly earnings results on Wednesday, July 18th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.33. The company had revenue of C$178.00 million during the quarter. Kinder Morgan Canada had a return on equity of 3.58% and a net margin of 25.27%.
Kinder Morgan Canada Company Profile
Kinder Morgan Canada Limited owns and operates pipeline systems and terminal facilities in Canada. It operates through two segments, Pipelines and Terminals. The Pipelines segment operates Trans Mountain pipeline that transports approximately 300,000 barrels per day of crude oil and refined petroleum from Edmonton, Alberta to Burnaby, British Columbia; Puget Sound pipeline serving Washington State; and Jet Fuel pipeline serving Vancouver International Airport.
Further Reading: Book Value Per Share – BVPS
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