Williams Partners LP (WPZ) : Traders are bullish on Williams Partners LP (WPZ) as it has outperformed the S&P 500 by a margin of 2.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.55% in the last 1 week, and is up 9.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Williams Partners LP (NYSE:WPZ): The stock opened at $37.22 on Friday but the bulls could not build on the opening and the stock topped out at $37.85 for the day. The stock traded down to $36.96 during the day, due to lack of any buying support eventually closed down at $37.32 with a loss of -0.32% for the day. The stock had closed at $37.44 on the previous day. The total traded volume was 802,009 shares.
The stock has recorded a 20-day Moving Average of 5.53% and the 50-Day Moving Average is 11.28%. Williams Partners L.P. is up 32.83% in the last 3-month period. Year-to-Date the stock performance stands at 44.48%.
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.