Headlines about Boardwalk Pipeline Partners (NYSE:BWP) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boardwalk Pipeline Partners earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 45.7367571867129 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Boardwalk Pipeline Partners Sees Unusually Large Options Volume (BWP) (americanbankingnews.com)
- US Capital Advisors Equities Analysts Lift Earnings Estimates for Boardwalk Pipeline Partners, LP (BWP) (americanbankingnews.com)
- Boardwalk Pipeline Partners (BWP) Coverage Initiated at Credit Suisse Group (americanbankingnews.com)
- US Capital Advisors Equities Analysts Cut Earnings Estimates for Boardwalk Pipeline Partners, LP (BWP) (americanbankingnews.com)
Boardwalk Pipeline Partners (NYSE:BWP) traded up $0.59 during mid-day trading on Friday, reaching $13.66. 2,095,500 shares of the company were exchanged, compared to its average volume of 1,176,875. 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 capitalization of $3,420.00, a P/E ratio of 11.58 and a beta of 0.72. Boardwalk Pipeline Partners has a 52-week low of $12.79 and a 52-week high of $18.95.
Boardwalk Pipeline Partners (NYSE:BWP) last announced its earnings results on Monday, October 30th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $300.50 million during 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 firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. analysts predict that Boardwalk Pipeline Partners will post 1.41 earnings per share for the current year.
BWP has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Boardwalk Pipeline Partners in a report on Friday, November 17th. They issued a “sell” rating and a $14.00 target price on the stock. Zacks Investment Research raised shares of Boardwalk Pipeline Partners from a “sell” rating to a “hold” rating in a report on Friday, November 10th. UBS Group reissued a “buy” rating and set a $18.00 price objective (down previously from $22.00) on shares of Boardwalk Pipeline Partners in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “hold” rating and set a $18.00 price objective on shares of Boardwalk Pipeline Partners in a report on Tuesday, October 10th. Finally, Credit Suisse Group assumed coverage on shares of Boardwalk Pipeline Partners in a report on Thursday, January 4th. They set a “neutral” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Boardwalk Pipeline Partners presently has a consensus rating of “Hold” and an average target price of $19.71.
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.
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