Williams Partners LP (WPZ) is Downgraded by Jefferies to Hold

Williams Partners LP (WPZ) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Williams Partners LP. Williams Partners LP was Downgraded by Jefferies to ” Hold” on Jul 25, 2016. Williams Partners LP was Resumed by Citigroup to “Neutral” on Jul 22, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Sector Perform” and Lowered the Price Target to $ 38 from a previous price target of $54 .

Williams Partners LP opened for trading at $36.63 and hit $37.92 on the upside on Wednesday, eventually ending the session at $37.25, with a gain of 1.72% or 0.63 points. The heightened volatility saw the trading volume jump to 8,41,614 shares. Company has a market cap of $22,497 M.

In a different news, on Dec 9, 2015, Alan S Armstrong (CEO) purchased 15,000 shares at $21.05 per share price.

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 Company’s 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.

Williams Partners LP

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