Zacks Investment Research downgraded Boardwalk Pipeline Partners, LP (NYSE:BWP) to Sell in a report released today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded Boardwalk Pipeline Partners, LP (NYSE:BWP) to Sell in a report released on Monday October 10, 2016.
Previously on 9/29/2016, Janney Montgomery Scott released a statement about Boardwalk Pipeline Partners, LP (NYSE:BWP) increased the target price from $0.00 to $18.00. At the time, this indicated a possible upside of 0.06%.
Just yesterday Boardwalk Pipeline Partners, LP (NYSE:BWP) traded 0.72% higher at $16.87. Boardwalk Pipeline Partners, LP’s 50-day moving average is $16.71 and its 200-day moving average is $16.63. The last stock price is up 1.42% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 495,273 shares of BWP traded hands, down from an average trading volume of 549,206
Recent Performance Chart
Boardwalk Pipeline Partners, LP has 52 week low of $8.86 and a 52 week high of $18.16 with a PE ratio of 15.93 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokerages have issued a research note on the company. The average stock price target is $17.44 with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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 NGLs pipelines and storage facilities in Louisiana and Texas.
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