Credit Suisse Starts Stock Coverage on El Paso Pipeline Partners (EPB)

By admin | 6 years ago

Equities researchers at Credit Suisse (NYSE: CS) assumed coverage on shares of El Paso Pipeline Partners (NYSE: EPB) in a report issued on Tuesday. The firm set an “outperform” rating on the stock.

Shares of El Paso Pipeline Partners traded down 0.55% during mid-day trading on Tuesday, hitting $33.2561. El Paso Pipeline Partners has a one year low of $31.36 and a one year high of $38.36. The company has a market cap of $6.841 billion and a P/E ratio of 13.86.

El Paso Pipeline Partners last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.07. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that El Paso Pipeline Partners will post $0.50 earnings per share next quarter.

EPB has been the subject of a number of other recent research reports. Analysts at Citigroup (NYSE: C) downgraded shares of El Paso Pipeline Partners from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, February 28th. Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of El Paso Pipeline Partners from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, February 28th. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of El Paso Pipeline Partners from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, February 28th.

El Paso Pipeline Partners, L.P. owns and operates natural gas transportation pipelines and storage assets.

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