Citigroup Assumes Williams Partners LP to Neutral

Brokerage firm Citigroup Assumes its rating on Williams Partners LP(NYSE:WPZ). The shares have been rated Neutral. The rating by Citigroup was issued on Jul 22, 2016.

In a different note, On Jun 8, 2016, Jefferies said it Maintains its rating on Williams Partners LP. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage on Williams Partners LP, according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm. On May 6, 2016, Raymond James said it Upgrades its rating on Williams Partners LP. The shares have been rated ‘Outperform’ by the firm.

Williams Partners LP (WPZ) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.14% at a volume of 10,67,195. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.69. The peak price level was also seen at $36.69 while the days lowest was $35.81. Finally the shares closed at $36.29. The 52-week high of the shares is $48.1 while the 52-week low is $12.69. According to the latest information available, the market cap of the company is $21,918 M.

Williams Partners LP(WPZ) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.65B. Analysts had an estimated revenue of $1.87B. Earnings per share were $-0.18.

Several Insider Transactions has been reported to the SEC. 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.

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