Boardwalk Pipeline Partners, (BWP) Scheduled to Post Quarterly Earnings on Monday
Boardwalk Pipeline Partners, (NYSE:BWP) will be issuing its Q114 quarterly earnings data on Monday, April 28th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $303.09 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Boardwalk Pipeline Partners, (NYSE:BWP) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect Boardwalk Pipeline Partners, to post $0.84 EPS for the current fiscal year and $0.93 EPS for the next fiscal year.
Boardwalk Pipeline Partners, (NYSE:BWP) opened at 16.17 on Friday. Boardwalk Pipeline Partners, has a 1-year low of $11.99 and a 1-year high of $33.00. The stock has a 50-day moving average of $13.78 and a 200-day moving average of $21.80. The company has a market cap of $3.933 billion and a price-to-earnings ratio of 17.34. Boardwalk Pipeline Partners, also was the recipient of a large decline in short interest during the month of January. As of March 31st, there was short interest totalling 2,442,761 shares, a decline of 44.4% from the March 14th total of 4,393,650 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,075,527 shares, the short-interest ratio is presently 0.6 days.
A number of research firms have recently commented on BWP. Analysts at RBC Capital upgraded shares of Boardwalk Pipeline Partners, from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $14.00. On the ratings front, analysts at JPMorgan Chase & Co. upgraded shares of Boardwalk Pipeline Partners, from an “underweight” rating to an “overweight” rating in a research note on Thursday, April 17th. They now have a $18.00 price target on the stock, up previously from $14.00. Finally, analysts at Zacks upgraded shares of Boardwalk Pipeline Partners, from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $14.30 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Boardwalk Pipeline Partners, presently has a consensus rating of “Hold” and a consensus price target of $18.37.
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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