Boardwalk Pipeline Partners, LP (BWP) Trades at $17.48 After Triangle; Kingdon Capital Management Has Lifted Callon Pete Co Del (CPE) Holding

June 19, 2017 - By Clifton Ray

Boardwalk Pipeline Partners, LP (BWP) formed triangle with $18.00 target or 3.00% above today’s $17.48 share price. Boardwalk Pipeline Partners, LP (BWP) has $4.49 billion valuation. It closed at $17.48 lastly. It is down 11.68% since June 19, 2016 and is uptrending. It has underperformed by 5.02% the S&P500.

Kingdon Capital Management Llc increased Callon Pete Co Del (CPE) stake by 28.88% reported in 2016Q4 SEC filing. Kingdon Capital Management Llc acquired 369,671 shares as Callon Pete Co Del (CPE)’s stock declined 11.69%. The Kingdon Capital Management Llc holds 1.65M shares with $25.36 million value, up from 1.28M last quarter. Callon Pete Co Del now has $2.01B valuation. It closed at $10.03 lastly. It is down 12.29% since June 19, 2016 and is uptrending. It has underperformed by 4.41% the S&P500.

Since February 14, 2017, it had 0 insider purchases, and 1 sale for $57,800 activity. The insider WEANT JERRY A sold 4,000 shares worth $57,800.

Kingdon Capital Management Llc decreased Mondelez Intl Inc (NASDAQ:MDLZ) stake by 185,049 shares to 14,951 valued at $663,000 in 2016Q4. It also reduced Colucid Pharmaceuticals Inc stake by 94,502 shares and now owns 60,461 shares. Mellanox Technologies Ltd (NASDAQ:MLNX) was reduced too.

Among 25 analysts covering Callon Petroleum (NYSE:CPE), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Callon Petroleum had 50 analyst reports since July 21, 2015 according to SRatingsIntel. Imperial Capital maintained it with “Outperform” rating and $10 target in Tuesday, February 9 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, August 22. The firm earned “Buy” rating on Thursday, September 8 by Canaccord Genuity. Imperial Capital maintained it with “Outperform” rating and $14 target in Monday, May 9 report. The company was initiated on Tuesday, October 13 by JP Morgan. The stock of Callon Petroleum Company (NYSE:CPE) earned “Market Perform” rating by Cowen & Co on Tuesday, September 8. The firm has “Outperform” rating by iBERIA Capital Partners given on Thursday, April 28. Zacks upgraded the stock to “Hold” rating in Thursday, August 6 report. The firm has “Overweight” rating given on Friday, August 14 by KeyBanc Capital Markets. As per Thursday, May 25, the company rating was maintained by Roth Capital.

Investors sentiment increased to 2.19 in Q4 2016. Its up 0.64, from 1.55 in 2016Q3. It is positive, as 22 investors sold CPE shares while 59 reduced holdings. 66 funds opened positions while 111 raised stakes. 206.80 million shares or 26.07% more from 164.04 million shares in 2016Q3 were reported. Blackrock Institutional Trust Na holds 0.01% or 4.42M shares. California-based United Capital Financial Advisers Ltd Liability Com has invested 0.01% in Callon Petroleum Company (NYSE:CPE). Millennium Ltd reported 6.64M shares. Massmutual Fsb Adv holds 90 shares. Alliancebernstein LP owns 222,129 shares or 0% of their US portfolio. Sterling Mgmt Lc owns 0.22% invested in Callon Petroleum Company (NYSE:CPE) for 1.60M shares. Usca Ria Limited Liability holds 0.06% or 23,500 shares. 80,334 are owned by Blackrock Limited Liability Company. 818,279 are held by Ranger Inv Mngmt L P. Airain Ltd stated it has 0.19% in Callon Petroleum Company (NYSE:CPE). 270,271 were reported by Gabelli Funds Lc. Shaker Invs Ltd Liability Corporation Oh stated it has 0.38% in Callon Petroleum Company (NYSE:CPE). 75,716 were accumulated by Pnc Services Group Inc. Comml Bank Of New York Mellon, New York-based fund reported 2.51 million shares. Huntington National Bank reported 0% stake.

Analysts await Boardwalk Pipeline Partners, LP (NYSE:BWP) to report earnings on August, 7. They expect $0.28 earnings per share, up 7.69% or $0.02 from last year’s $0.26 per share. BWP’s profit will be $71.92M for 15.61 P/E if the $0.28 EPS becomes a reality. After $0.47 actual earnings per share reported by Boardwalk Pipeline Partners, LP for the previous quarter, Wall Street now forecasts -40.43% negative EPS growth.

Among 6 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Boardwalk Pipeline Partners had 10 analyst reports since August 13, 2015 according to SRatingsIntel. Bank of America maintained the shares of BWP in report on Tuesday, September 1 with “Buy” rating. The rating was maintained by Barclays Capital on Tuesday, August 2 with “Underweight”. As per Tuesday, February 9, the company rating was maintained by Credit Suisse. The company was downgraded on Thursday, July 21 by Ladenburg Thalmann. JP Morgan maintained it with “Overweight” rating and $21 target in Friday, May 27 report. Janney Capital initiated the stock with “Neutral” rating in Thursday, September 29 report. As per Tuesday, February 7, the company rating was maintained by RBC Capital Markets.

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