Columbia Pipeline Partners LP (CPPL) : Traders are bullish on Columbia Pipeline Partners LP (CPPL) as it has outperformed the S&P 500 by a wide margin of 15.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.32%, 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 5.49% in the last 1 week, and is up 15.2% 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 8.78% and the 50-Day Moving Average is 12.03%.The 200 Day SMA reached 10.47%
Columbia Pipeline Partners LP (NYSE:CPPL): The stock was completely flat for the day, closing at $16.14 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $16.15, the stock touched an intraday high of $16.22 and a low of $16.12. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $16.14. The total trading volume on Friday was 801,558.
Columbia Pipeline Partners LP (CPPL) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $16. The average forecast of all the analysts is $17.96 and the expected standard deviation is $2.28.
Columbia Pipeline Partners LP is a limited partnership, which owns, operates and develops a portfolio of natural gas pipelines, storage and related midstream assets. The Companys business and operations are conducted through CPG OpCo LP and its subsidiaries, which owns and operates substantially all of the natural gas transmission, storage and midstream assets of Columbia Energy Group (CEG). Columbia Energy Group operates approximately 15,000 miles of strategically located interstate pipelines extending from New York to the Gulf of Mexico.