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Columbia Pipeline Partners (CPPL) in Focus: Stock Tumbles 8.1%

Columbia Pipeline Partners LP ( CPPL ) s aw a big move in the last trading session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CPPL, as the stock is now down nearly 31% in the past one-month time frame.

The company, engaged in the natural gas transmission and storage business, has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CPPL currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors interested in the Oil - Production/Pipeline industry may consider a better-ranked stock like VTTI Energy Partners LP ( VTTI ), carrying a Zacks Rank #2 (Buy).

Is CPPL going up? Or down? Predict to see what others think: Up or Down

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COLUMBIA PIPELN (CPPL): Free Stock Analysis Report

VTTI EGY PTNRS (VTTI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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