Boardwalk Pipeline Partners, LP (NYSE:BWP)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.71 and last traded at $11.63, with a volume of 1379560 shares traded. The stock had previously closed at $12.01.
BWP has been the topic of a number of recent research reports. Zacks Investment Research downgraded Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Citigroup decreased their price objective on Boardwalk Pipeline Partners from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Goldman Sachs Group began coverage on Boardwalk Pipeline Partners in a research note on Friday, November 17th. They set a “sell” rating and a $14.00 price objective for the company. ValuEngine cut Boardwalk Pipeline Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group began coverage on Boardwalk Pipeline Partners in a research note on Thursday, January 4th. They set a “neutral” rating and a $15.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Boardwalk Pipeline Partners currently has an average rating of “Hold” and a consensus price target of $19.25.
The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2,910.94, a P/E ratio of 9.76 and a beta of 0.60.
TRADEMARK VIOLATION NOTICE: “Boardwalk Pipeline Partners (BWP) Reaches New 12-Month Low at $11.71” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/02/10/boardwalk-pipeline-partners-bwp-reaches-new-12-month-low-at-11-71.html.
Boardwalk Pipeline Partners Company Profile
Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.
Receive News & Ratings for Boardwalk Pipeline Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boardwalk Pipeline Partners and related companies with MarketBeat.com's FREE daily email newsletter.