El Paso Pipeline Partners, L.P. Rating Increased to Neutral at Goldman Sachs (EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB) was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of El Paso Pipeline Partners, L.P. (NYSE:EPB) opened at 40.56 on Tuesday. El Paso Pipeline Partners, L.P. has a 52 week low of $28.87 and a 52 week high of $43.15. The stock’s 50-day moving average is $35.3 and its 200-day moving average is $32.92. The company has a market cap of $9.373 billion and a P/E ratio of 19.35.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last announced its earnings results on Wednesday, July 16th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.05. The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $376.64 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners, L.P. will post $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Tuesday, July 29th.
A number of other firms have also recently commented on EPB. Analysts at Jefferies Group reiterated a “hold” rating on shares of El Paso Pipeline Partners, L.P. in a research note on Thursday, August 7th. They now have a $34.00 price target on the stock, up previously from $32.00. Separately, analysts at Citigroup Inc. downgraded shares of El Paso Pipeline Partners, L.P. from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Finally, 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. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. El Paso Pipeline Partners, L.P. presently has a consensus rating of “Hold” and a consensus price target of $35.43.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.
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