Boardwalk Pipeline Partners (BWP) Given Media Sentiment Rating of -0.02

Media coverage about Boardwalk Pipeline Partners (NYSE:BWP) has been trending somewhat negative this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boardwalk Pipeline Partners earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 47.3366713398137 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several analysts recently commented on BWP shares. US Capital Advisors cut Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. UBS Group restated a “buy” rating and issued a $17.00 target price (down from $18.00) on shares of Boardwalk Pipeline Partners in a research report on Friday, March 2nd. Barclays lowered their target price on Boardwalk Pipeline Partners from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Monday, April 30th. Zacks Investment Research upgraded Boardwalk Pipeline Partners from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, ValuEngine cut Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.88.

Shares of Boardwalk Pipeline Partners traded down $0.03, hitting $10.22, during midday trading on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 1,295,868 shares, compared to its average volume of 1,531,283. The stock has a market cap of $2.62 billion, a PE ratio of 7.57 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.77. Boardwalk Pipeline Partners has a 1-year low of $9.10 and a 1-year high of $18.29.

Boardwalk Pipeline Partners (NYSE:BWP) last issued its earnings results on Monday, April 30th. The pipeline company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The business had revenue of $335.40 million during the quarter, compared to analyst estimates of $345.22 million. Boardwalk Pipeline Partners had a return on equity of 6.85% and a net margin of 21.29%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. analysts expect that Boardwalk Pipeline Partners will post 1.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Thursday, May 10th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.91%. Boardwalk Pipeline Partners’s payout ratio is 29.63%.

Boardwalk Pipeline Partners Company Profile

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.

Insider Buying and Selling by Quarter for Boardwalk Pipeline Partners (NYSE:BWP)

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