Williams Partners LP (WPZ) has risen sharply, recording gains of 1.96% in the past 4 weeks. However, the stock has corrected -2.52% in the past 1 week, providing a good buying opportunity on dips. Williams Partners LP (WPZ) : During the past 4 weeks, traders have been relatively bearish on Williams Partners LP (WPZ), hence the stock is down -0.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.93% relative to the S&P 500.
Williams Partners LP (NYSE:WPZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.15 and $34.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.40, notching a gain of 1.20% for the day. The total traded volume was 1,653,781 . The stock had closed at $35.97 on the previous day.
The stock has recorded a 20-day Moving Average of 1.81% and the 50-Day Moving Average is 7.2%. Williams Partners L.P. is up 33.37% in the last 3-month period. Year-to-Date the stock performance stands at 44.16%.
Williams Partners LP (WPZ) : 7 investment research analysts covering Williams Partners LP (WPZ) have an average price target of $38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $34 for the short term. Analysts expect the variance to be within $2.38 of the average 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 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.