Revenue Update on Boardwalk Pipeline Partners LP(NYSE:BWP)

Boardwalk Pipeline Partners LP(NYSE:BWP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $306.30M. Analysts estimated a revenue of $298.94M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.21.

In a different note, On Jul 21, 2016, Ladenburg Thalmann said it Downgrades its rating on Boardwalk Pipeline Partners LP. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, JP Morgan said it Maintains its rating on Boardwalk Pipeline Partners LP. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Overweight’ by the firm.

Boardwalk Pipeline Partners LP (BWP) made into the market gainers list on Mondays trading session with the shares advancing 0.06% or 0.01 points. Due to strong positive momentum, the stock ended at $17.03, which is also near the day’s high of $17.29. The stock began the session at $17.06 and the volume stood at 3,73,127 shares. The 52-week high of the shares is $18.16 and the 52 week low is $8.86. The company has a current market capitalization of $4,263 M and it has 25,02,96,780 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Kenneth I Siegel (director) purchased 20,000 shares at $12.91 per share price.Also, 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.

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