Columbia Pipeline Partners (NYSE:CPPL) has been downgraded from Overweight to Neutral in a statement by JPMorgan earlier today.
- Updated: September 27, 2016
Having a price of $16.05, Columbia Pipeline Partners (NYSE:CPPL) traded 4.90% higher on the day. With the last stock price up 10.60% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CPPL has recorded a 50-day average of $14.13 and a two hundred day average of $14.51. Trade Volume was up over the average, with 5,371,097 shares of CPPL changing hands over the typical 404,409
JPMorgan has downgraded Columbia Pipeline Partners (NYSE:CPPL) from Overweight to Neutral in a statement released on 9/27/2016.
Recent Performance Chart
Columbia Pipeline Partners has PE ratio of 17.97 with a one year low of $11.24 and a one year high of $19.49 and has a market capitalization of $0.
A total of 12 equity analysts have released a research note on the company. 0 firms rating the stock a strong buy, 0 equity analysts rating the company a buy, zero brokerages rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the company a sell with a 12-month price target of $18.71.
General Company Details For Columbia Pipeline Partners (NYSE:CPPL)
Columbia Pipeline Partners LP (the Partnership) is a limited partnership company operating a portfolio of pipelines, storage and related midstream assets. It is engaged in interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions. The Company owns, operates and develops a portfolio of pipelines, storage and related midstream assets. The Company has a general partner interest in CPG OpCo LP (Columbia OpCo), as well as a limited partner interest in Columbia OpCo, a limited partnership that owns the natural gas transmission and storage assets of Columbia Energy Group (CEG).
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