Williams Partners LP (NYSE:WPZ) : The consensus on Williams Partners LP (NYSE:WPZ) based on 9 analyst recommendation on the company stock is 2.11, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Williams Partners LP (NYSE:WPZ) : The highest short term price target forecast on Williams Partners LP (NYSE:WPZ) is $40 and the lowest target price is $28. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $36.33 with a standard deviation of $4.93.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Jefferies maintains its ratings on Williams Partners LP (NYSE:WPZ). In the latest research report, Jefferies raises the target price from $39 per share to $40 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 8, 2016.
Williams Partners LP (NYSE:WPZ): stock turned positive on Tuesday. Though the stock opened at $33.33, the bulls momentum made the stock top out at $34.8 level for the day. The stock recorded a low of $33.33 and closed the trading day at $34.63, in the green by 6.88%. The total traded volume for the day was 1,539,892. The stock had closed at $32.4 in the previous days trading.
In an insider trading activity, Armstrong Alan S, CEO of Williams Partners L.P., executed a transaction worth $315,750 on December 7, 2015. A total of 15,000 shares were purchased at an average price of $21.05. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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.