Taking a Look at the Data Behind Boardwalk Pipeline Partners, LP (BWP)

Boardwalk Pipeline Partners, LP (BWP) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Pipelines. The stock has been active on the tape, currently trading at $11.35, down from yesterday’s close by -1.48%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Boardwalk Pipeline Partners, LP (BWP) currently trades with a market capitalization of $2.87 Billion. That value represents a market adjusting for revenues that have been falling by -0.92 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$4.2 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.4 on a per share basis this quarter. Perhaps, that suggests something about why 0.04% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Boardwalk Pipeline Partners, LP recorded a 52-week high of $18.94. It is now trading 7.59% off that level. The stock is trading $13.10 its 50-day moving average by 1.75%. The stock carved out a 52-week low down at $11.28.

In recent action, Boardwalk Pipeline Partners, LP (BWP) has made a move of -17.27% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.55% with $250.05 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BWP.

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