Columbia Pipeline Group Inc (CPGX) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.23 EPS for the quarter. Analysts had a consensus estimate of $. The company posted revenue of $364.50 million in the period. The company’s revenue was up 7.2% compared to the same quarter last year.
Many Wall Street Analysts have commented on Columbia Pipeline Group Inc. Columbia Pipeline Group Inc was Downgraded by Jefferies to ” Hold” on Mar 18, 2016. Columbia Pipeline Group Inc was Initiated by Goldman to “Neutral” on Mar 17, 2016. Columbia Pipeline Group Inc was Downgraded by Credit Suisse to ” Underperform” on Mar 17, 2016.
Columbia Pipeline Group Inc opened for trading at $25.62 and hit $25.72 on the upside on Monday, eventually ending the session at $25.63, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 51,51,346 shares. Company has a market cap of $10,262 M.
In a different news, on Sep 15, 2015, Robert Edgar Smith (officer ) purchased 2,500 shares at $23.32 per share price. According to the SEC, on Sep 4, 2015, Glen L Kettering (PRESIDENT) purchased 29,780 shares at $24.31 per share price.
Columbia Pipeline Group Inc. (CPG) owns and operates natural gas pipelines integrated with the underground storage systems in North America. The Company offers a range of services to local gas distribution companies and users of natural gas. The Company’s systems connect the natural gas supplies with nation’s energy markets serving customers in over 16 states from the Gulf Coast to the Midwest Mid-Atlantic and Northeast. The Company provides approximately 1.3 trillion cubic feet of natural gas through its pipeline and storage systems each year providing energy for millions of homes businesses and industries. The Company’s projects include Leach XPress Project Modernization Program Utica Access Project East Side Expansion project WB XPress Project Cameron Access Project Hanover Replacement Project Tri-County Bare Steel Replacement Project Line 1570 Project E-Systems Project Line MB Extension East Side Expansion Project Utica Access Project and Line WB2VA.