Boardwalk Pipeline Partners LP (BWP) is Downgraded by Ladenburg Thalmann to Neutral

Boardwalk Pipeline Partners LP (BWP) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Jul 21, 2016.

On the company’s financial health, Boardwalk Pipeline Partners LP reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $345.00 million for the quarter, compared to analysts expectations of $333.39 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Boardwalk Pipeline Partners LP closed down -0.13 points or -0.74% at $17.34 with 3,24,135 shares getting traded on Wednesday. Post opening the session at $17.41, the shares hit an intraday low of $17.17 and an intraday high of $17.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 26, 2015, Kenneth I Siegel (director) purchased 20,000 shares at $12.91 per share price. According to the SEC, on Aug 10, 2015, Stanley C Horton (CEO) purchased 2,000 shares at $13.44 per share price.

Boardwalk Pipeline Partners LP is a limited partnership company. The Company’s business is conducted by its primary subsidiary Boardwalk Pipelines LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC Gulf South Pipeline Company LP Texas Gas Transmission LLC Boardwalk Field Services LLC Petal Gas Storage L.L.C Boardwalk Louisiana Midstream LLC and Boardwalk Storage Company LLC. The Company’s business includes integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems and natural gas gathering and processing. The Company’s pipeline systems originate in the Gulf Coast region Oklahoma and Arkansas and extend north and east to the Midwestern states of Tennessee Kentucky Illinois Indiana and Ohio. It serves a mix of customers including producers of natural gas local distribution companies (LDCs) marketers electric power generators industrial users and interstate and intrastate pipelines.

Boardwalk Pipeline Partners LP

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