Boardwalk Pipeline Partners L.P. (BWP) Shares are Up 2.45%

Boardwalk Pipeline Partners L.P. (BWP) : Traders are bullish on Boardwalk Pipeline Partners L.P. (BWP) as it has outperformed the S&P 500 by a wide margin of 3.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.45% in the last 1 week, and is up 3.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 2.61%.The 200 Day SMA reached 15.24%


Boardwalk Pipeline Partners L.P. (NYSE:BWP): After opening at $16.84, the stock dipped to an intraday low of $16.74 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.24 and the buying power remained strong till the end. The stock closed at $17.16 for the day, a gain of 2.14% for the day session. The total traded volume was 893,840. The stocks close on the previous trading day was $17.16.

Boardwalk Pipeline Partners L.P. (BWP) : 8 Wall Street analysts covering Boardwalk Pipeline Partners L.P. (BWP) believe that the average level the stock could reach for the short term is $19.63. The maximum price target given is $22 and the minimum target for short term is around $16, hence the standard deviation is calculated at $2.26.

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.

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