Williams Partners LP (WPZ) : Analyst Rating Update

Williams Partners LP (WPZ) has an average broker rating of 2.11, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Williams Partners LP (WPZ) : Currently there are 6 street experts covering Williams Partners LP (WPZ) stock. The most bullish and bearish price target for the stock is $40 and $28 respectively for the short term. The average price target of all the analysts comes to $36.33. The estimated standard deviation from the target is $4.93.

Williams Partners LP (NYSE:WPZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.74 and $33.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.43, notching a gain of 1.06% for the day. The total traded volume was 1,472,212 . The stock had closed at $34.07 on the previous day.

Also, Brokerage firm Jefferies maintains its rating on Williams Partners LP (NYSE:WPZ). As per the latest information, the brokerage house raises the price target to $40 per share from a prior target of $39. The shares have been rated Buy. The rating by the firm was issued on June 8, 2016. The company shares have dropped -26.89% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $58.63 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $33.08 and the 200 Day Moving Average price is recorded at $25.00.

Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets. The Companys business segments include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services. The Access Midstream segment provides gathering, treating, and compression services to producers. The Northeast G&P segment includes natural gas gathering and processing and NGL fractionation businesses. Atlantic-Gulf segment includes its interstate natural gas pipeline, Transcontinental Gas Pipeline Company, LLC (Transco), and natural gas gathering and processing and crude oil production handling and transportation. The NGL & Petchem Services segment includes its 88.5% interest in an olefins production facility in Geismar, Louisiana, along with an RGP Splitter and various petrochemical and feedstock pipelines.

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