A statement released earlier today by Zacks Investment Research about Boardwalk Pipeline Partners, LP (NYSE:BWP) bumps the target price to $19.00
- Updated: September 17, 2016
In a report issued 8/18/2016 Zacks Investment Research increased the target price of Boardwalk Pipeline Partners, LP (NYSE:BWP) from $0 to $19 stating a possible upside of 0.14%.
Previously on Tuesday August 2 2016, Barclays Capital reported about Boardwalk Pipeline Partners, LP(NYSE:BWP) upped the target price from $15.00 to $16.00. At the time, this suggested a downside of -0.02%.
Yesterday Boardwalk Pipeline Partners, LP (NYSE:BWP) traded 0.97% higher at $16.70. Boardwalk Pipeline Partners, LP’s 50-day average is $16.71 and its 200-day moving average is $16.17. With the last close up 2.89% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the date range. Trading volume was was down over the average, with 579,368 shares of BWP changing hands under the typical 687,496 shares..
Recent Performance Graphic:
Boardwalk Pipeline Partners, LP has a 52 week low of $8.86 and a one-year high of $18.16 with a price-earnings ratio of 16. Boardwalk Pipeline Partners, LP’s market capitalization is currently $0.0.
A total of 9 equity analysts have reported on the company. Three analysts rate the stock a strong buy, four analysts rate the company a buy, three analyts rate the stock a hold, one brokerage rate the stock to underperform, and lastly 0 firmsrate the company as sell with an average target of $17.44
About Boardwalk Pipeline Partners, LP (NYSE:BWP)
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company conducts business through its primary subsidiary, Boardwalk Pipelines, LP, 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. Its business includes integrated natural gas and natural gas liquids (NGLs), and other hydrocarbons pipeline and storage systems and natural gas gathering and processing. It is engaged in the operation of interstate natural gas and NGLs pipeline systems, including integrated storage facilities. Its segment includes interstate natural gas pipeline systems, which originate in the Gulf Coast region, Oklahoma and Arkansas and extend north and east through the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and and NGLs pipelines and storage facilities in Louisiana and Texas.
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