Somewhat Positive Press Coverage Somewhat Unlikely to Affect Boardwalk Pipeline Partners L.P. (BWP) Share Price
News articles about Boardwalk Pipeline Partners L.P. (NYSE:BWP) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boardwalk Pipeline Partners L.P. earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 46.3910518461286 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Comparing Boardwalk Pipeline Partners L.P. (BWP) and DCP Midstream Partners, (DCP) (americanbankingnews.com)
- Boardwalk Pipeline Partners LP (BWP) Saw a New 52-Week High (bulhufas.com)
- Camelot Portfolios LLC Has $244000 Stake in Boardwalk Pipeline Partners LP (BWP) (overnewsmagazine.com)
- Boardwalk Pipeline Partners LP (BWP) Saw a 52-Week High (footballhebdo.com)
- Alliancebernstein LP Raises Stake in Boardwalk Pipeline Partners LP (NYSE:BWP) (campdesrecrues.com)
Several research analysts recently weighed in on BWP shares. Zacks Investment Research lowered Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, May 9th. ValuEngine lowered Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Boardwalk Pipeline Partners L.P. in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Boardwalk Pipeline Partners L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.75.
Boardwalk Pipeline Partners L.P. (NYSE:BWP) opened at 15.58 on Friday. The firm has a 50-day moving average price of $17.13 and a 200 day moving average price of $17.88. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 14.28 and a beta of 0.76. Boardwalk Pipeline Partners L.P. has a 12 month low of $15.27 and a 12 month high of $18.95.
Boardwalk Pipeline Partners L.P. (NYSE:BWP) last released 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 net margin of 20.78% and a return on equity of 7.14%. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $315.12 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Boardwalk Pipeline Partners L.P. will post $1.42 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, August 8th. Boardwalk Pipeline Partners L.P.’s dividend payout ratio is 36.36%.
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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.
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