Boardwalk Pipeline Partners L.P. (NYSE:BWP) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.25 by 8 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the JP Morgan maintains the rating on Boardwalk Pipeline Partners L.P. (NYSE:BWP). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $19 per share to $21 per share. The rating by the firm was issued on May 27, 2016.
Boardwalk Pipeline Partners L.P. (NYSE:BWP): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $18.83 in Boardwalk Pipeline Partners L.P. (NYSE:BWP). However, the stock price could fluctuate by $ 2.14 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $21 price target with the lower price estimate is calculated at $15
Boardwalk Pipeline Partners L.P. (NYSE:BWP) rose 0.78% or 0.14 points on Tuesday and made its way into the gainers of the day. After trading began at $17.86 the stock was seen hitting $18.16 as a peak level and $17.84 as the lowest level. The stock ended up at $18.07. The daily volume was measured at 1,085,172 shares. The 52-week high of the share price is $18.16 and the 52-week low is $8.86. The company has a market cap of $4,523 million.
Shares of Boardwalk Pipeline Partners, LP rose by 6.86% in the last five trading days and 6.11% for the last 4 weeks. Boardwalk Pipeline Partners, LP is up 26.11% in the last 3-month period. Year-to-Date the stock performance stands at 41.4%.
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.