El Paso Pipeline Partners, L.P. Short Interest Down 35.8% in June (EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB) was the recipient of a significant decrease in short interest in the month of June. As of June 13th, there was short interest totalling 1,522,025 shares, a decrease of 35.8% from the May 30th total of 2,370,070 shares, AmericanBankingNews.com reports. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 637,921 shares, the short-interest ratio is presently 2.4 days.
A number of analysts have recently weighed in on EPB shares. Analysts at Goldman Sachs downgraded shares of El Paso Pipeline Partners, L.P. from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 2nd. They now have a $33.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of El Paso Pipeline Partners, L.P. in a research note on Thursday, June 26th. They set a “sector perform” rating and a $35.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of El Paso Pipeline Partners, L.P. in a research note on Tuesday, June 3rd. They now have a $32.00 price target on the stock, up previously from $31.00. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $34.78.
El Paso Pipeline Partners, L.P. (NYSE:EPB) opened at 35.26 on Thursday. El Paso Pipeline Partners, L.P. has a one year low of $28.87 and a one year high of $44.85. The stock has a 50-day moving average of $34.69 and a 200-day moving average of $32.8. The company has a market cap of $7.727 billion and a P/E ratio of 19.20.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last announced its earnings results on Wednesday, April 16th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $382.00 million for the quarter, compared to the consensus estimate of $397.01 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners, L.P. will post $1.71 earnings per share for the current fiscal year.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.
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