Why Boardwalk Pipeline Partners L.P. (NYSE:BWP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.67 on Boardwalk Pipeline Partners L.P. (NYSE:BWP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.15 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Boardwalk Pipeline Partners L.P. (NYSE:BWP) stands at 15.67.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Boardwalk Pipeline Partners LP , the PEG ratio for coming 3-5 years is 1.21.

Technical Analysis

The technical analysis highlights that Boardwalk Pipeline Partners LP current is trading $-0.25 points away or -1.48% from its 50-day moving average of $16.84. Further it is trading $0.68 or +4.28% away its 200-day moving average of $15.91.

The 52-week high of Boardwalk Pipeline Partners L.P. (NYSE:BWP) was $18.16 while lowest point recorded in 52-week was $8.86. It implies if stock price makes a movement of over $-1.57, it will record a new 52-week high. In the case of +87.25% drop, it will touch a new 52-week low.

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