Boardwalk Pipeline Partners, Given Consensus Recommendation of “Hold” by Brokerages (NYSE:BWP)
Boardwalk Pipeline Partners, (NYSE:BWP) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, Stock Ratings News reports. Five research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.28.
BWP has been the subject of a number of recent research reports. Analysts at Ladenburg Thalmann cut their price target on shares of Boardwalk Pipeline Partners, from $36.00 to $20.00 in a research note on Tuesday, February 11th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Boardwalk Pipeline Partners, from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, analysts at Janney Montgomery Scott downgraded shares of Boardwalk Pipeline Partners, from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 11th.
Shares of Boardwalk Pipeline Partners, (NYSE:BWP) opened at 12.99 on Monday. Boardwalk Pipeline Partners, has a 1-year low of $12.76 and a 1-year high of $33.00. The stock’s 50-day moving average is $21.6 and its 200-day moving average is $26.. The company has a market cap of $3.159 billion and a price-to-earnings ratio of 13.92.
Boardwalk Pipeline Partners, (NYSE:BWP) last announced its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.23. The company had revenue of $312.90 million for the quarter, compared to the consensus estimate of $323.28 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts expect that Boardwalk Pipeline Partners, will post $0.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Investors of record on Thursday, February 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, February 18th.
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities.
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