Boardwalk Pipeline Partners, LP Expected to Post Q4 2017 Earnings of $0.48 Per Share (BWP)

Boardwalk Pipeline Partners, LP (NYSE:BWP) – US Capital Advisors decreased their Q4 2017 earnings per share estimates for Boardwalk Pipeline Partners in a report released on Wednesday. US Capital Advisors analyst C. Crosby now forecasts that the pipeline company will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.51.

Boardwalk Pipeline Partners (NYSE:BWP) last announced its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $300.50 million for the quarter, compared to analysts’ expectations of $324.85 million. Boardwalk Pipeline Partners had a net margin of 22.50% and a return on equity of 7.55%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS.

Several other brokerages also recently commented on BWP. UBS Group reiterated a “buy” rating and set a $18.00 price target (down from $22.00) on shares of Boardwalk Pipeline Partners in a report on Wednesday, October 4th. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 price target on shares of Boardwalk Pipeline Partners in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Citigroup cut their price target on shares of Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, Goldman Sachs Group assumed coverage on shares of Boardwalk Pipeline Partners in a research note on Friday, November 17th. They issued a “sell” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.25.

Shares of Boardwalk Pipeline Partners (NYSE:BWP) opened at $13.27 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. The stock has a market cap of $3,321.43, a PE ratio of 11.25 and a beta of 0.72. Boardwalk Pipeline Partners has a 1 year low of $12.79 and a 1 year high of $18.95.

Hedge funds have recently added to or reduced their stakes in the stock. BB&T Securities LLC grew its position in Boardwalk Pipeline Partners by 36.5% during the third quarter. BB&T Securities LLC now owns 30,160 shares of the pipeline company’s stock valued at $443,000 after buying an additional 8,060 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Boardwalk Pipeline Partners in the third quarter valued at about $14,543,000. California Public Employees Retirement System grew its position in shares of Boardwalk Pipeline Partners by 4.3% in the second quarter. California Public Employees Retirement System now owns 240,100 shares of the pipeline company’s stock valued at $4,324,000 after purchasing an additional 10,000 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Boardwalk Pipeline Partners by 3.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,806,459 shares of the pipeline company’s stock valued at $68,554,000 after purchasing an additional 140,629 shares during the period. Finally, Neuberger Berman Group LLC grew its position in shares of Boardwalk Pipeline Partners by 60.5% in the third quarter. Neuberger Berman Group LLC now owns 181,391 shares of the pipeline company’s stock valued at $2,666,000 after purchasing an additional 68,350 shares during the period. Institutional investors own 97.18% of the company’s stock.

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Boardwalk Pipeline Partners 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.

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