Williams Partners LP (NYSE:WPZ) : Traders are bullish on Williams Partners LP (NYSE:WPZ) as it has outperformed the S&P 500 by a wide margin of 6.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.73%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.03% in the last 1 week, and is up 7.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -26.39% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $52.56 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $33.37 and the 200 Day Moving Average price is recorded at $25.23.
The stock has recorded a 20-day Moving Average of 5.83% and the 50-Day Moving Average is 11.85%.
Williams Partners LP (NYSE:WPZ): stock turned positive on Friday. Though the stock opened at $34.88, the bulls momentum made the stock top out at $35.98 level for the day. The stock recorded a low of $34.76 and closed the trading day at $35.7, in the green by 2.94%. The total traded volume for the day was 890,378. The stock had closed at $34.68 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Williams Partners L.P., Armstrong Alan S had purchased shares worth of $315,750 in a transaction dated on December 7, 2015. A total of 15,000 shares were purchased at a price of $21.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.