Williams Partners LP (WPZ) : 9 analysts are covering Williams Partners LP (WPZ) and their average rating on the stock is 2.39, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Williams Partners LP (WPZ) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Williams Partners LP (WPZ) : Average target price received by Williams Partners LP (WPZ) is $37.67 with an expected standard deviation of $2.25. The most aggressive target on the stock is $40, whereas the most downbeat target is $34. 6 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Jefferies, downgrades their rating on the shares of Williams Partners LP (NYSE:WPZ). Jefferies has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 25, 2016.
Williams Partners LP (NYSE:WPZ): The stock opened at $37.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.61 for the day. The stock traded down to $36.53 during the day, due to lack of any buying support eventually closed down at $36.90 with a loss of -0.35% for the day. The stock had closed at $37.03 on the previous day. The total traded volume was 3,157,626 shares.
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.