Investors Purchase Large Volume of Boardwalk Pipeline Partners, Call Options (BWP)
Shares of Boardwalk Pipeline Partners, (NYSE:BWP) were the recipient of unusually large options trading activity on Monday. Stock investors bought 7,396 call options on the stock, AR Network reports. This is an increase of 468% compared to the average volume of 1,302 call options.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Boardwalk Pipeline Partners, from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $20.40 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Boardwalk Pipeline Partners, in a research note on Wednesday, July 2nd. They now have a $24.00 price target on the stock, up previously from $18.00. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.69.
Boardwalk Pipeline Partners, (NYSE:BWP) traded up 4.52% on Monday, hitting $19.65. 3,759,867 shares of the company’s stock traded hands. Boardwalk Pipeline Partners, has a 1-year low of $11.99 and a 1-year high of $31.91. The stock’s 50-day moving average is $18.39 and its 200-day moving average is $16.92. The company has a market cap of $4.779 billion and a price-to-earnings ratio of 18.97.
Boardwalk Pipeline Partners, (NYSE:BWP) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.08. The company had revenue of $293.40 million for the quarter, compared to the consensus estimate of $261.09 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Boardwalk Pipeline Partners, will post $0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 12th.
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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