Critical Survey: Boardwalk Pipeline Partners (BWP) and Copano Energy (CPNO)
Boardwalk Pipeline Partners (NYSE: BWP) and Copano Energy (NASDAQ:CPNO) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, earnings, risk, dividends and analyst recommendations.
Earnings and Valuation
This table compares Boardwalk Pipeline Partners and Copano Energy’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Boardwalk Pipeline Partners||$1.31 billion||2.61||$302.20 million||$1.18||11.56|
This is a summary of current ratings and price targets for Boardwalk Pipeline Partners and Copano Energy, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Boardwalk Pipeline Partners||1||1||2||0||2.25|
Boardwalk Pipeline Partners presently has a consensus price target of $21.25, suggesting a potential upside of 55.79%.
This table compares Boardwalk Pipeline Partners and Copano Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Boardwalk Pipeline Partners||22.50%||7.55%||4.00%|
Institutional and Insider Ownership
97.2% of Boardwalk Pipeline Partners shares are held by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Boardwalk Pipeline Partners pays an annual dividend of $0.40 per share and has a dividend yield of 2.9%. Copano Energy does not pay a dividend. Boardwalk Pipeline Partners pays out 33.9% of its earnings in the form of a dividend.
Boardwalk Pipeline Partners beats Copano Energy on 8 of the 9 factors compared between the two stocks.
About Boardwalk Pipeline Partners
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas. The Company conducts business through its subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines), and its subsidiaries, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Gulf Crossing Pipeline Company LLC, Boardwalk Louisiana Midstream, LLC, Boardwalk Petrochemical Pipeline, LLC and Boardwalk Field Services, LLC.
About Copano Energy
Copano Energy, L.L.C. (Copano) is an energy company engaged in the business of providing midstream services to natural gas producers, including gathering, transportation and processing of natural gas, fractionation and transportation of natural gas liquids (NGLs) and other related services. Copano’s assets are located in Texas, Oklahoma, Wyoming and Louisiana, and include approximately 6,800 miles of active natural gas gathering and transmission pipelines, and 10 natural gas processing plants, with over one billion cubic feet per day (Bcf/d) of combined processing capacity. In addition to the natural gas pipelines, it operates 380 miles of NGL pipelines. Copano operates in three segments: Texas, Oklahoma and Rocky Mountains. In May 2013, Kinder Morgan Energy Partners LP acquired the entire share capital of Copano Energy LLC.
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