Columbia Pipeline Partners LP (CPPL) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.25 EPS for the quarter. Analysts had a consensus estimate of $0.25. The company posted revenue of $363.50 million in the period, compared to analysts expectations of $362.59 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Columbia Pipeline Partners LP. Columbia Pipeline Partners LP was Initiated by DA Davidson to “Neutral” on Apr 15, 2016. 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 closed down -0.29 points or -2.00% at $14.24 with 1,68,489 shares getting traded on Monday. Post opening the session at $14.45, the shares hit an intraday low of $14.04 and an intraday high of $14.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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.