Columbia Pipeline Partners LP (CPPL) is Resumed by Goldman to Neutral

Columbia Pipeline Partners LP (CPPL) was Resumed by Goldman to “Neutral”. Goldman advised their investors in a research report released on Jul 20, 2016.

On the company’s financial health, Columbia Pipeline Partners LP reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $363.50 million for the quarter, 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.

Columbia Pipeline Partners LP closed down -0.07 points or -0.45% at $15.65 with 1,12,423 shares getting traded on Monday. Post opening the session at $15.68, the shares hit an intraday low of $15.551 and an intraday high of $15.77 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 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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