Boardwalk Pipeline (BWP) PT Reduced to $12 at Deutsche Bank
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Analyst Speculates About Additional Distribution Cuts at MLPs (BWP) (EEP) (EVEP) (NKA) (NS)
February 13, 2014 11:33 AM ESTBoardwalk Pipeline Partners (NYSE: BWP) stock declined sharply after the company cut is distribution by over 80%. The company said the reduction in the distribution will free up cash to help fund growth and reduce leverage in order to strengthen the balance sheet during the difficult market conditions. With this in mind, analyst Michael Blum of Wells Fargo speculated on other possible cuts at MLPs.
"We don't envision a wave of distribution cut announcements forthcoming in the MLP sector. That said, it's difficult to predict distribution cuts especially when a partnership chooses to proactively... More
Citi Upgrades Boardwalk Pipeline Partners (BWP) to Buy
February 11, 2014 9:04 AM ESTCiti upgraded Boardwalk Pipeline Partners (NYSE: BWP) from Neutral to Buy.
For an analyst ratings summary and ratings history on Boardwalk Pipeline Partners click here. For more ratings news on Boardwalk Pipeline Partners click here.
Shares of Boardwalk Pipeline Partners closed at $13.01 yesterday, with a 52 week range of $23.90-$33.00.... More
Deutsche Bank Downgrades Boardwalk Pipeline Partners (BWP) to Sell After Drastic Distribution Cut
February 10, 2014 10:18 AM ESTDeutsche Bank downgraded Boardwalk Pipeline Partners (NYSE: BWP) from Hold to Sell with a price target of $20.00 (from $27.00). The change follows new the company plans to cut its distribution rate to $0.40 from $2.13.
Analyst Curt Launer said, "This results from difficult business conditions for BWP in natural gas storage and pipelines. BWP has not raised its... More
Credit Suisse Downgrades Boardwalk Pipeline Partners (BWP) to Underperform
February 10, 2014 9:26 AM ESTCredit Suisse downgraded Boardwalk Pipeline Partners (NYSE: BWP) from Neutral to Underperform.
For an analyst ratings summary and ratings history on Boardwalk Pipeline Partners click here. For more ratings news on Boardwalk Pipeline Partners click here.
Shares of Boardwalk Pipeline Partners closed at $24.09 yesterday, with a 52 week range of $23.90-$33.00.... More
Boardwalk Pipeline Partners (BWP) Posts Net Income Per Unit of $0.08
February 10, 2014 6:15 AM ESTBoardwalk Pipeline Partners (NYSE: BWP) reported Q4 net income per unit of $0.08, which may not compare to the analyst estimate of $0.31. Revenue for the quarter came in at $312.9 million versus the consensus estimate of $323.28 million.
For earnings history and earnings-related data on Boardwalk Pipeline Partners (BWP) click here.... More
