Brokers Issue Forecasts for Boardwalk Pipeline Partners’ Q1 2018 Earnings (BWP)

Boardwalk Pipeline Partners (NYSE:BWP) – US Capital Advisors cut their Q1 2018 earnings per share (EPS) estimates for shares of Boardwalk Pipeline Partners in a research note issued to investors on Friday, April 6th. US Capital Advisors analyst C. Crosby now forecasts that the pipeline company will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.38. US Capital Advisors also issued estimates for Boardwalk Pipeline Partners’ Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.16 EPS, FY2019 earnings at $1.09 EPS and FY2020 earnings at $0.98 EPS.

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Several other equities analysts also recently issued reports on BWP. Bank of America cut their price objective on Boardwalk Pipeline Partners from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, March 27th. Barclays upgraded Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price objective for the company in a research report on Wednesday, January 17th. ValuEngine downgraded Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet downgraded Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a research report on Friday, January 19th. Finally, Zacks Investment Research downgraded Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Boardwalk Pipeline Partners currently has a consensus rating of “Hold” and a consensus price target of $18.22.

Shares of BWP opened at $10.26 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.78. Boardwalk Pipeline Partners has a 52-week low of $9.85 and a 52-week high of $18.79. The firm has a market capitalization of $2,568.04, a price-to-earnings ratio of 7.60 and a beta of 0.66.

Boardwalk Pipeline Partners (NYSE:BWP) last posted its earnings results on Monday, February 12th. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.07). The company had revenue of $337.50 million for the quarter, compared to the consensus estimate of $352.58 million. Boardwalk Pipeline Partners had a return on equity of 7.38% and a net margin of 22.46%. Boardwalk Pipeline Partners’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Magnolia Group LLC acquired a new stake in shares of Boardwalk Pipeline Partners in the 4th quarter valued at $51,132,000. Cushing Asset Management LP increased its stake in shares of Boardwalk Pipeline Partners by 283.7% in the 4th quarter. Cushing Asset Management LP now owns 3,476,670 shares of the pipeline company’s stock valued at $44,884,000 after buying an additional 2,570,470 shares during the period. Maple Brown Abbott Ltd increased its stake in shares of Boardwalk Pipeline Partners by 39.1% in the 4th quarter. Maple Brown Abbott Ltd now owns 7,224,294 shares of the pipeline company’s stock valued at $93,266,000 after buying an additional 2,031,267 shares during the period. Center Coast Capital Advisors LP increased its stake in shares of Boardwalk Pipeline Partners by 74,628.0% in the 4th quarter. Center Coast Capital Advisors LP now owns 1,398,908 shares of the pipeline company’s stock valued at $18,060,000 after buying an additional 1,397,036 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Boardwalk Pipeline Partners by 107.4% in the 4th quarter. Schroder Investment Management Group now owns 2,066,300 shares of the pipeline company’s stock valued at $26,676,000 after buying an additional 1,070,217 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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About Boardwalk Pipeline Partners

Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.

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