Boardwalk Pipeline Partners L.P. (NYSE:BWP) is set to issue its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last posted its quarterly earnings results on Monday, July 31st. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Boardwalk Pipeline Partners L.P. had a return on equity of 7.14% and a net margin of 20.78%. The company had revenue of $317.60 million during the quarter, compared to the consensus estimate of $315.12 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect Boardwalk Pipeline Partners L.P. to post $1.45 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.

Boardwalk Pipeline Partners L.P. (NYSE BWP) opened at 14.67 on Monday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.45 and a beta of 0.77. The stock has a 50 day moving average price of $14.87 and a 200 day moving average price of $16.70. Boardwalk Pipeline Partners L.P. has a 52-week low of $14.25 and a 52-week high of $18.95.

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A number of analysts recently weighed in on the company. BidaskClub upgraded Boardwalk Pipeline Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada downgraded Boardwalk Pipeline Partners L.P. from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $22.00 to $18.00 in a report on Tuesday, August 1st. UBS AG restated a “buy” rating and issued a $18.00 price objective (down from $22.00) on shares of Boardwalk Pipeline Partners L.P. in a report on Wednesday, October 4th. Finally, ValuEngine downgraded Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.75.

An institutional investor recently raised its position in Boardwalk Pipeline Partners L.P. stock. The Manufacturers Life Insurance Company boosted its stake in Boardwalk Pipeline Partners L.P. (NYSE:BWP) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,374 shares of the pipeline company’s stock after purchasing an additional 494 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Boardwalk Pipeline Partners L.P. were worth $133,000 at the end of the most recent reporting period. 94.04% of the stock is owned by institutional investors and hedge funds.

Boardwalk Pipeline Partners L.P. Company Profile

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.

Earnings History for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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