Analyst Rating Update on Boardwalk Pipeline Partners L.P. (BWP)

Boardwalk Pipeline Partners L.P. (BWP) : 3 brokerage houses believe that Boardwalk Pipeline Partners L.P. (BWP) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Boardwalk Pipeline Partners L.P. (BWP). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

Boardwalk Pipeline Partners L.P. (BWP) : Average target price received by Boardwalk Pipeline Partners L.P. (BWP) is $19.5 with an expected standard deviation of $2.43. The most aggressive target on the stock is $22, whereas the most downbeat target is $15. 6 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Boardwalk Pipeline Partners L.P. (NYSE:BWP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.29 and $15.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.62, notching a gain of 2.21% for the day. The total traded volume was 1,346,226 . The stock had closed at $16.26 on the previous day.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Companys business is conducted by its primary subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines) and its subsidiaries Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, Texas Gas Transmission, LLC, Boardwalk Field Services, LLC, Petal Gas Storage, L.L.C, Boardwalk Louisiana Midstream, LLC and Boardwalk Storage Company, LLC. The Companys business includes integrated natural gas and natural gas liquids (NGLs) pipeline and storage systems and natural gas gathering and processing. The Companys pipeline systems originate in the Gulf Coast region, Oklahoma and Arkansas and extend north and east to the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio. It serves a mix of customers, including producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users, and interstate and intrastate pipelines.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.