El Paso Pipeline Partners, L.P. Given Average Recommendation of “Hold” by Analysts (NYSE:EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Stock Ratings News reports. Nine research analysts have rated the stock with a hold rating, The average 1-year target price among brokerages that have covered the stock in the last year is $37.86.
Shares of El Paso Pipeline Partners, L.P. (NYSE:EPB) opened at 41.14 on Thursday. El Paso Pipeline Partners, L.P. has a 52-week low of $28.87 and a 52-week high of $43.04. The stock has a 50-day moving average of $37.35 and a 200-day moving average of $33.69. The company has a market cap of $9.507 billion and a price-to-earnings ratio of 23.70.
El Paso Pipeline Partners, L.P. (NYSE:EPB) last posted its quarterly 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 $1.70 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of El Paso Pipeline Partners, L.P. from $35.00 to $47.00 in a research note on Tuesday, August 19th. Separately, analysts at Morgan Stanley upgraded shares of El Paso Pipeline Partners, L.P. from an “underweight” rating to an “equal weight” rating in a research note on Thursday, August 14th. Finally, analysts at Goldman Sachs upgraded shares of El Paso Pipeline Partners, L.P. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $42.00 price target on the stock, up previously from $33.00.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities.