Columbia Pipeline Partners LP (CPPL) is Initiated by DA Davidson to Neutral

Columbia Pipeline Partners LP (CPPL) was Initiated by DA Davidson to “Neutral”. DA Davidson advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Columbia Pipeline Partners LP. Columbia Pipeline Partners LP was Upgraded by Credit Suisse to ” Outperform” on Mar 18, 2016. Columbia Pipeline Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 2016. Columbia Pipeline Partners LP was Downgraded by Credit Suisse to ” Neutral” on Feb 23, 2016.

On the company’s financial health, Columbia Pipeline Partners LP reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.20. The company had revenue of $357.00 million for the quarter, compared to analysts expectations of $357.87 million. The company’s revenue was up 4.9% compared to the same quarter last year.

Columbia Pipeline Partners LP opened for trading at $13.73 and hit $14.14 on the upside on Monday, eventually ending the session at $13.75, with a gain of 0.59% or 0.08 points. The heightened volatility saw the trading volume jump to 2,73,834 shares. Company has a market cap of $1,384 M.

In a different news, on Feb 16, 2015, Thomas W Hofmann (director) purchased 5,000 shares at $23.00 per share price. According to the SEC, on Feb 13, 2015, Glen L Kettering (director officer ) purchased 1,300 shares at $23.00 per share price. On Feb 13, 2015, Stephen P Smith (director officer ) purchased 37,500 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Columbia Pipeline Partners LP is a limited partnership which owns operates and develops a portfolio of natural gas pipelines storage and related midstream assets. The Company’s business and operations are conducted through CPG OpCo LP and its subsidiaries which owns and operates substantially all of the natural gas transmission storage and midstream assets of Columbia Energy Group (CEG). Columbia Energy Group operates approximately 15000 miles of strategically located interstate pipelines extending from New York to the Gulf of Mexico.

Columbia Pipeline Partners LP

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