Is Selling Williams Partners LP Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Williams Partners LP Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Williams Partners LP (WPZ) recorded an unusually high (250) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious WPZ decrease. With 250 contracts traded and 26044 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: WPZ161021P00037500 closed last at: $1.85 or 24.5% down. About 207,627 shares traded hands. Williams Partners LP (NYSE:WPZ) has risen 65.61% since March 4, 2016 and is uptrending. It has outperformed by 57.57% the S&P500.

Analysts await Williams Partners LP (NYSE:WPZ) to report earnings on October, 26. They expect $0.19 EPS, up 159.38% or $0.51 from last year’s $-0.32 per share. WPZ’s profit will be $114.81 million for 48.28 P/E if the $0.19 EPS becomes a reality. After $-0.05 actual EPS reported by Williams Partners LP for the previous quarter, Wall Street now forecasts -480.00% EPS growth.

Williams Partners LP (NYSE:WPZ) Ratings Coverage

Out of 13 analysts covering Williams Partners LP (NYSE:WPZ), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Williams Partners LP has been the topic of 23 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. On Tuesday, August 2 the stock rating was maintained by UBS with “Buy”. The company was reinitiated on Friday, July 22 by Citigroup. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, August 2. RBC Capital Markets maintained Williams Partners LP (NYSE:WPZ) rating on Thursday, June 30. RBC Capital Markets has “Sector Perform” rating and $38 price target. Bank of America reinitiated the stock with “Buy” rating in Friday, October 2 report. Raymond James upgraded Williams Partners LP (NYSE:WPZ) on Friday, May 6 to “Outperform” rating. The stock has “Buy” rating given by Ladenburg Thalmann on Tuesday, November 3. As per Tuesday, August 2, the company rating was maintained by Evercore. The stock of Williams Partners LP (NYSE:WPZ) earned “Market Perform” rating by Wells Fargo on Monday, January 18.

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.”

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with activities across the natural gas value chain. The company has a market cap of $22.17 billion. The Company’s divisions include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. It currently has negative earnings. The Company’s Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

WPZ Company Profile

Williams Partners L.P., formerly Access Midstream Partners, L.P, incorporated on January 21, 2010, is an energy infrastructure master limited partnership with activities across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. The Company’s operating divisions include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. The Firm is focused on connecting North America’s hydrocarbon resource plays to growing markets for natural gas, natural gas liquids (NGLs) and olefins through its gas pipeline and midstream businesses. The Company’s activities are located principally in the United States, but span from the deepwater Gulf of Mexico to the Canadian oil sands.

Another recent and important Williams Partners LP (NYSE:WPZ) news was published by Businesswire.com which published an article titled: “Williams, Williams Partners to Report Third-Quarter Financial Results on Oct. 31” on October 07, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment