The stock of Williams Partners LP (NYSE:WPZ) is a huge mover today! The stock decreased 1.77% or $0.67 during the last trading session, hitting $37.19. About 2.44M shares traded hands or 70.63% up from the average. Williams Partners LP (NYSE:WPZ) has risen 88.59% since February 29, 2016 and is uptrending. It has outperformed by 78.17% the S&P500.
The move comes after 9 months negative chart setup for the $22.28B company. It was reported on Oct, 1 by Barchart.com. We have $34.96 PT which if reached, will make NYSE:WPZ worth $1.34 billion less.
Analysts await Williams Partners LP (NYSE:WPZ) to report earnings on October, 26. They expect $0.19 EPS, up 159.38% or $0.51 from last year’s $-0.32 per share. WPZ’s profit will be $113.83M for 48.93 P/E if the $0.19 EPS becomes a reality. After $-0.05 actual EPS reported by Williams Partners LP for the previous quarter, Wall Street now forecasts -480.00% EPS growth.
Williams Partners LP (NYSE:WPZ) Ratings Coverage
Out of 13 analysts covering Williams Partners LP (NYSE:WPZ), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Williams Partners LP has been the topic of 23 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, September 29 by Stephens. Bernstein initiated it with “Outperform” rating and $40 target price in Wednesday, May 11 report. US Capital Advisors upgraded Williams Partners LP (NYSE:WPZ) on Friday, April 8 to “Overweight” rating. The company was maintained on Tuesday, August 2 by UBS. Wells Fargo downgraded Williams Partners LP (NYSE:WPZ) on Monday, January 18 to “Market Perform” rating. As per Tuesday, November 3, the company rating was upgraded by Ladenburg Thalmann. The rating was downgraded by Wells Fargo on Friday, January 15 to “Market Perform”. The stock of Williams Partners LP (NYSE:WPZ) has “Buy” rating given on Friday, October 2 by Bank of America. Credit Suisse maintained the stock with “Neutral” rating in Tuesday, August 2 report. The rating was initiated by Evercore with “Buy” on Wednesday, October 21.
According to Zacks Investment Research, “Williams Partners L.P. is a master limited partnership. The company is engaged in gathering, processing, transportation and storage of natural gas and natural gas liquids. It operates primarily in U.S. and Canada. Williams Partners L.P., formerly known as Access Midstream Partners, L.P., is headquartered in Oklahoma City.”
Another recent and important Williams Partners LP (NYSE:WPZ) news was published by Forbes.com which published an article titled: “Williams Partners Reaches Analyst Target Price” on September 23, 2016.
WPZ Company Profile
Williams Partners L.P., formerly Access Midstream Partners, L.P, incorporated on January 21, 2010, is an energy infrastructure master limited partnership with activities across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. The Company’s operating divisions include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. The Firm is focused on connecting North America’s hydrocarbon resource plays to growing markets for natural gas, natural gas liquids (NGLs) and olefins through its gas pipeline and midstream businesses. The Company’s activities are located principally in the United States, but span from the deepwater Gulf of Mexico to the Canadian oil sands.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.