Williams Partners (NYSE:WPZ) Covered By Yet Another Research Firm

April 26, 2018 - By Marie Mckinney

Why Has Seaport Global Given Williams Partners (NYSE:WPZ) a $40 Price Target

Seaport Global analyst started coverage on Williams Partners (NYSE:WPZ) with a $40 target price per share and “Buy” rating. The target price per share would suggest a potential upside of 11.79 % from company’s previous close.

Williams Partners L.P. (NYSE:WPZ) Ratings Coverage

Among 13 analysts covering Williams Partners (NYSE:WPZ), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Williams Partners has $49 highest and $40 lowest target. $44.70’s average target is 24.93% above currents $35.78 stock price. Williams Partners had 17 analyst reports since November 13, 2017 according to SRatingsIntel. Barclays Capital maintained the shares of WPZ in report on Tuesday, April 17 with “Equal-Weight” rating. RBC Capital Markets maintained the shares of WPZ in report on Tuesday, January 16 with “Hold” rating. The stock of Williams Partners L.P. (NYSE:WPZ) has “Buy” rating given on Monday, November 13 by BMO Capital Markets. The stock of Williams Partners L.P. (NYSE:WPZ) has “Buy” rating given on Friday, February 16 by Stifel Nicolaus. The rating was downgraded by Barclays Capital on Wednesday, January 17 to “Equal-Weight”. JP Morgan upgraded the stock to “Overweight” rating in Friday, March 9 report. The rating was downgraded by Bernstein to “Market Perform” on Tuesday, March 27. The firm has “Buy” rating given on Sunday, April 22 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, March 9 by J.P. Morgan. The rating was maintained by Bank of America on Tuesday, March 27 with “Buy”.

The stock increased 1.27% or $0.45 during the last trading session, reaching $35.78. About 757,279 shares traded. Williams Partners L.P. (NYSE:WPZ) has declined 13.20% since April 26, 2017 and is downtrending. It has underperformed by 24.75% the S&P500.

Analysts await Williams Partners L.P. (NYSE:WPZ) to report earnings on May, 2 after the close. They expect $0.41 earnings per share, down 39.71 % or $0.27 from last year’s $0.68 per share. WPZ’s profit will be $400.02 million for 21.82 P/E if the $0.41 EPS becomes a reality. After $0.39 actual earnings per share reported by Williams Partners L.P. for the previous quarter, Wall Street now forecasts 5.13 % EPS growth.

Williams Partners L.P. operates as an energy infrastructure company. The company has market cap of $34.91 billion. It operates through Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services divisions. It has a 39.76 P/E ratio. The Central segment provides gathering, treating, and compression services to producers in the Barnett shale region of north-central Texas, the Eagle Ford shale region of south Texas, the Haynesville shale region of northwest Louisiana, and the Mid-Continent region.

Williams Partners L.P. (NYSE:WPZ) Ratings Chart

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