Boardwalk Pipeline Partners, LP (NYSE:BWP) – Analysts at US Capital Advisors raised their Q4 2017 earnings per share estimates for Boardwalk Pipeline Partners in a report released on Thursday, Zacks Investment Research reports. US Capital Advisors analyst C. Crosby now expects that the pipeline company will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.42. US Capital Advisors also issued estimates for Boardwalk Pipeline Partners’ Q2 2018 earnings at $0.26 EPS.
Boardwalk Pipeline Partners (NYSE:BWP) last released its earnings results on Monday, October 30th. The pipeline company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Boardwalk Pipeline Partners had a net margin of 22.50% and a return on equity of 7.55%. The firm had revenue of $300.50 million for the quarter, compared to analyst estimates of $324.85 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year.
BWP has been the topic of a number of other reports. Credit Suisse Group assumed coverage on shares of Boardwalk Pipeline Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $15.00 price target on the stock. Goldman Sachs Group assumed coverage on shares of Boardwalk Pipeline Partners in a research note on Friday, November 17th. They issued a “sell” rating and a $14.00 price target on the stock. Barclays upgraded shares of Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price target on the stock in a research note on Wednesday, January 17th. Bank of America assumed coverage on shares of Boardwalk Pipeline Partners in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, TheStreet downgraded shares of Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a research note on Friday, January 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Boardwalk Pipeline Partners currently has an average rating of “Hold” and an average target price of $19.25.
Boardwalk Pipeline Partners (NYSE:BWP) traded down $0.06 during mid-day trading on Monday, reaching $12.50. 2,633,028 shares of the company’s stock traded hands, compared to its average volume of 1,425,310. Boardwalk Pipeline Partners has a 52-week low of $12.40 and a 52-week high of $18.95. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. The company has a market cap of $3,166.24, a price-to-earnings ratio of 10.59 and a beta of 0.72.
Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in Boardwalk Pipeline Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,374 shares of the pipeline company’s stock worth $133,000 after buying an additional 494 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Boardwalk Pipeline Partners by 0.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 11,241 shares of the pipeline company’s stock worth $202,000 after buying an additional 31 shares during the period. Rafferty Asset Management LLC acquired a new stake in Boardwalk Pipeline Partners during the 2nd quarter worth approximately $211,000. Cetera Investment Advisers acquired a new stake in Boardwalk Pipeline Partners during the 2nd quarter worth approximately $248,000. Finally, HAP Trading LLC acquired a new stake in Boardwalk Pipeline Partners during the 2nd quarter worth approximately $280,000. Institutional investors and hedge funds own 98.09% of the company’s stock.
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Boardwalk Pipeline Partners Company Profile
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.
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