Wednesday, September 7, 2011

Boardwalk Pipeline stock hits another new 52-week low

NEW YORK - Boardwalk Pipeline Partners (NYSE: BWP) hit a new 52-week low on Aug. 25 as it traded at $23.99, below its previous 52-week low of $24 with 401,634 shares traded shortly before the closing bell. Average volume has been 436,000 shares over the past 30 days.

Boardwalk Pipeline has a market cap of $4.3 billion and is part of the basic materials sector and energy industry. Shares are down 22.1 percent year to date as of the close of trading on Aug. 24.

Boardwalk Pipeline Partners, LP, through its subsidiaries, engages in the interstate transportation and storage of natural gas in the United States. The company has a P/E ratio of 20, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Boardwalk Pipeline as a hold.

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