Share on StockTwits

Research analysts at RBC Capital hoisted their price objective on shares of Boardwalk Pipeline Partners, (NYSE:BWP) from $22.00 to $25.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 29.60% from the stock’s previous close.

BWP has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Boardwalk Pipeline Partners, currently has a consensus rating of “Hold” and a consensus target price of $20.39.

Shares of Boardwalk Pipeline Partners, (NYSE:BWP) traded down 1.83% on Tuesday, hitting $19.29. 1,990,937 shares of the company’s stock traded hands. Boardwalk Pipeline Partners, has a 52 week low of $11.99 and a 52 week high of $31.91. The stock has a 50-day moving average of $18.44 and a 200-day moving average of $16.7. The company has a market cap of $4.692 billion and a P/E ratio of 19.83. Boardwalk Pipeline Partners, also saw some unusual options trading activity on Monday. Stock traders bought 7,396 call options on the company. This is an increase of approximately 468% compared to the typical daily volume of 1,302 call options.

Boardwalk Pipeline Partners, (NYSE:BWP) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Boardwalk Pipeline Partners, will post $0.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders 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 2.07%. 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.

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.