Share on StockTwits

Shares of Boardwalk Pipeline Partners, (NYSE:BWP) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the stock, American Banking News reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.25.

Shares of Boardwalk Pipeline Partners, (NYSE:BWP) opened at 17.42 on Wednesday. Boardwalk Pipeline Partners, has a 52 week low of $11.99 and a 52 week high of $33.00. The stock’s 50-day moving average is $15.85 and its 200-day moving average is $19.30. The company has a market cap of $4.237 billion and a P/E ratio of 17.53.

Boardwalk Pipeline Partners, (NYSE:BWP) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.13. The company had revenue of $356.90 million for the quarter, compared to the consensus estimate of $303.09 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Boardwalk Pipeline Partners, will post $0.92 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on BWP shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Boardwalk Pipeline Partners, in a research note on Tuesday, April 29th. They now have a $18.50 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Boardwalk Pipeline Partners, from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. They now have a $17.00 price target on the stock, up previously from $14.00. Finally, analysts at Raymond James upgraded shares of Boardwalk Pipeline Partners, from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 29th.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company owns and operates three interstate natural gas pipeline systems including integrated storage facilities.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.