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Kinder Morgan Underperformed the Broader Energy Sector Last Week

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Price performance

Kinder Morgan (KMI) fell 0.5% in the week ending September 22, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2.1% last week. NYMEX October WTI (West Texas Intermediate) crude oil futures’ price rose 1.5% week-over-week. Kinder Morgan underperformed XLE in the previous week ending September 15.

The above graph compares Kinder Morgan’s price performance with its peers and crude oil last week. Read What if US Crude Actually Does Stay above $50? to learn about the latest factors that impact crude oil prices.

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YTD performance

Kinder Morgan has fallen 11% YTD (year-to-date). In comparison, ONEOK (OKE) has fallen 7% and XLE has fallen 11% YTD. Enterprise Products Partners (EPD) has fallen 5% during the same period. The sustained weakness in crude oil prices severely impacted energy sector stocks in the past few years.

In this series, we’ll analyze Kinder Morgan’s technical indicators and valuation. For an in-depth analysis on Kinder Morgan, read Everything You Wanted to Know about Kinder Morgan. For the latest updates on changes in institutional investors’ positions in Kinder Morgan, read Institutional Investors Seem Bullish on Kinder Morgan.

Last week, Kinder Morgan temporarily traded above its 50-day moving average before it fell again. In the next part, we’ll discuss the stock’s performance compared to its moving averages.

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