Boardwalk Pipeline Partners (BWP) Earning Somewhat Critical News Coverage, Study Finds

News coverage about Boardwalk Pipeline Partners (NYSE:BWP) has trended somewhat negative on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boardwalk Pipeline Partners earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.8633123356378 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

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Several analysts recently issued reports on BWP shares. Credit Suisse Group started 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 for the company. Barclays raised shares of Boardwalk Pipeline Partners from an “underweight” rating to an “equal weight” rating and set a $16.00 price objective for the company in a report on Wednesday, January 17th. Bank of America started coverage on shares of Boardwalk Pipeline Partners in a report on Tuesday, January 9th. They set a “buy” rating for the company. ValuEngine downgraded shares of Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research downgraded shares of Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Boardwalk Pipeline Partners presently has an average rating of “Hold” and an average target price of $18.22.

NYSE BWP opened at $10.54 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. The firm has a market cap of $2,668.16, a P/E ratio of 7.81 and a beta of 0.66. Boardwalk Pipeline Partners has a 1 year low of $9.85 and a 1 year high of $18.79.

Boardwalk Pipeline Partners (NYSE:BWP) last posted its quarterly earnings data on Monday, February 12th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.07). Boardwalk Pipeline Partners had a return on equity of 7.38% and a net margin of 22.46%. The firm had revenue of $337.50 million for the quarter, compared to the consensus estimate of $352.58 million. During the same period in the prior year, the company posted $0.36 earnings per share. Boardwalk Pipeline Partners’s quarterly revenue was down 4.3% on a year-over-year basis. equities research analysts expect that Boardwalk Pipeline Partners will post 1.21 earnings per share for the current year.

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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.

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