National Bank Financial Equities Analysts Increase Earnings Estimates for Kinder Morgan Canada Ltd (KML)

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Kinder Morgan Canada Ltd (TSE:KML) – Stock analysts at National Bank Financial upped their FY2019 earnings per share estimates for shares of Kinder Morgan Canada in a research note issued on Wednesday, October 17th, Zacks Investment Research reports. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $0.30 per share for the year, up from their previous estimate of $0.27.

KML has been the topic of several other reports. TD Securities lowered their price target on Kinder Morgan Canada from C$17.50 to C$16.50 and set a “hold” rating on the stock in a report on Thursday, September 6th. CIBC lowered their price target on Kinder Morgan Canada from C$17.00 to C$16.00 in a report on Thursday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Kinder Morgan Canada has an average rating of “Hold” and an average target price of C$18.10.

Shares of TSE KML traded down C$0.08 during midday trading on Friday, hitting C$15.86. 250,300 shares of the stock traded hands, compared to its average volume of 383,471. Kinder Morgan Canada has a one year low of C$14.93 and a one year high of C$20.00.

Kinder Morgan Canada (TSE:KML) last released its quarterly earnings results on Wednesday, October 17th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$94.30 million for the quarter.

About Kinder Morgan Canada

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.

Featured Article: Earnings Per Share (EPS)

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