Williams Partners LP (NYSE:WPZ) has been downgraded from Outperform to Market Perform in a statement by Raymond James earlier today.
- Updated: September 18, 2016
Raymond James has downgraded Williams Partners LP(NYSE:WPZ) from Outperform to Market Perform in a report released on 8/03/2016.
Previously on 8/02/2016, Credit Suisse released a statement for Williams Partners LP(NYSE:WPZ) bumped the target price from $32.00 to $36.00 that suggested an upside of 0.04%.
Boasting a price of $37.88, Williams Partners LP (NYSE:WPZ) traded 1.33% higher on the day. With the last stock price close up 19.66% relative to the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Williams Partners LP has recorded a 50-day moving average of $36.97 and 200-day moving average of $30.59. 1,477,477 shares of Williams Partners LP traded, down from ann average volume of 1,923,090
Williams Partners LP has a 52 week low of $12.69 and a one-year high of $40.36 . The company’s market cap is presently $0.0.
A total of 12 analysts have released a ratings update on the company. Three analysts rate the company a strong buy, four analysts rate the stock a buy, six analyts rate the stock a hold, 0 rate the company to underperform, and lastly 0 analystsrate the stock as sell with an average target stock price of $55.00
More About Williams Partners LP (NYSE:WPZ)
Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts. Northeast G&P segment includes natural gas gathering and processing, and NGL fractionation businesses in the Marcellus shale region primarily in Pennsylvania, New York, and West Virginia and Utica shale region of eastern Ohio. The Atlantic-Gulf segment includes its interstate natural gas pipeline, Transcontinental Gas Pipeline Company, LLC. Its West segment includes natural gas gathering, processing and treating operations in New Mexico, Colorado, and Wyoming. The NGL & Petchem Services segment includes the Company’s interest in an olefins production facility in Geismar, and Louisiana.
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