Boardwalk Pipeline Partners (BWP) Given a $14.00 Price Target at Barclays

Boardwalk Pipeline Partners (NYSE:BWP) has been assigned a $14.00 price objective by analysts at Barclays in a note issued to investors on Monday. The firm presently has a “hold” rating on the pipeline company’s stock. Barclays’ price objective points to a potential upside of 23.35% from the stock’s previous close.

BWP has been the subject of a number of other reports. Credit Suisse Group began coverage on Boardwalk Pipeline Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $15.00 target price for the company. Goldman Sachs Group began coverage on Boardwalk Pipeline Partners in a report on Friday, November 17th. They issued a “sell” rating and a $14.00 price target on the stock. Bank of America began coverage on Boardwalk Pipeline Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. TheStreet lowered Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a report on Friday, January 19th. Finally, ValuEngine lowered Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.00.

Boardwalk Pipeline Partners (BWP) opened at $11.35 on Monday. Boardwalk Pipeline Partners has a 52 week low of $11.00 and a 52 week high of $18.79. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2,883.41, a PE ratio of 9.62 and a beta of 0.60.

Boardwalk Pipeline Partners (NYSE:BWP) last posted its earnings results on Monday, February 12th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Boardwalk Pipeline Partners had a net margin of 22.50% and a return on equity of 7.55%. The business had revenue of $337.50 million during the quarter, compared to analyst estimates of $352.58 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. equities research analysts predict that Boardwalk Pipeline Partners will post 1.4 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cbre Clarion Securities LLC raised its holdings in Boardwalk Pipeline Partners by 25.6% during the fourth quarter. Cbre Clarion Securities LLC now owns 245,600 shares of the pipeline company’s stock worth $3,171,000 after acquiring an additional 50,100 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Boardwalk Pipeline Partners during the fourth quarter worth about $129,000. Schroder Investment Management Group raised its holdings in Boardwalk Pipeline Partners by 107.4% during the fourth quarter. Schroder Investment Management Group now owns 2,066,300 shares of the pipeline company’s stock worth $26,676,000 after acquiring an additional 1,070,217 shares in the last quarter. Magnolia Group LLC bought a new stake in Boardwalk Pipeline Partners during the fourth quarter worth about $51,132,000. Finally, Global X Management Co. LLC raised its holdings in Boardwalk Pipeline Partners by 15.5% during the fourth quarter. Global X Management Co. LLC now owns 70,128 shares of the pipeline company’s stock worth $905,000 after acquiring an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 98.12% of the company’s stock.

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About Boardwalk Pipeline Partners

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.

Analyst Recommendations for Boardwalk Pipeline Partners (NYSE:BWP)

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