Analysis: Williams Partners LP (NYSE:WPZ) Price Target Upgraded Today
In a very recent research note finalized by Jefferies & Co on 18 December, the firm, Williams Partners LP (NYSE:WPZ), had their Estimated Target Price cut to $40.00. Analusts at present have a solid Buy rating on the stock.
From a total of 12 analysts covering Williams Partners LP (NYSE:WPZ) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $66 while the lowest target price is $44. The mean of all analyst targets is $55 with a 87.11% above today’s ($22.27) stock price. Williams Partners LP was the topic of 5 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. Ladenburg Thalmann upgraded shares on November 3 to “Buy” rating. Bank of America reinitiated WPZ stock in a recent report from October 2 with “Buy” rating.
Approximately 3.15 million shares of stock traded hands. Williams Partners LP (NYSE:WPZ) has declined 61.07% since May 15, 2015 and is downtrending. It has underperformed by 57.26% the S&P500.
Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids and oil gathering systems, and other midstream energy assets. The company has a market cap of $14.55 billion. The Company’s business divisions include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services. It has 101.92 P/E ratio. The Access Midstream segment provides gathering, treating, and compression services to producers.
According to Zacks Investment Research, “Williams Partners L.P. is a master limited partnership. The company is engaged in gathering, processing, transportation and storage of natural gas and natural gas liquids. It operates primarily in U.S. and Canada. Williams Partners L.P., formerly known as Access Midstream Partners, L.P., is headquartered in Oklahoma City.”