Williams Partners L.P. (NYSE:WPZ) registered a 0.43% increase, still its new closing price is 258.93% up from the company’s 1 year high of 42.09.It posted 7.17% gains in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 16 stock analysts following this company have an average price target at $55.00, with individual PT in the $44.00-$66.00 range. The shares moved at $42.16, implying that brokerage firms see shares gaining about 115.59% in twelve months time.
Williams Partners L.P. (WPZ) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 10.86% rise year to date. A Senior Vice President – E&C at Williams Partners L.P. (WPZ) offloaded shares in a transaction closed on Monday September 12, 2016. Seldenrust John D sold 9,023 shares in the company at $37.67 each and collected $339,001 in proceeds. Seldenrust John D now owns 53,998 shares in the company after this transaction. A CEO in the company, ARMSTRONG ALAN S, disclosed a transaction on Monday December 07, 2015 that ended up paying $315,001 from the purchase of 15,000 shares at $21.05 per share.
Williams Partners L.P. (NYSE:WPZ) Upcoming Results on Tap
Williams Partners L.P. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.40 in that period. Sales during the quarter are predicted to arrive at $1.8 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.91 billion in revenue and EPS of $0.42. The mean forecast was for $1.74 billion and $0.28 a share, respectively. One quarter earlier, revenue for the stock was at $1.73 billion, with earnings at $0.18/share.
Williams Partners L.P. (WPZ) Brokerage Update
Williams Partners L.P. (WPZ) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were upgraded to Strong Buy from Mkt Perform by Raymond James, according to news reported on Wednesday January 11, 2017.Another important research note was issued by Stifel on Tuesday January 10, 2017.The firm upgraded WPZ to Buy from Hold. Over the last six months and over the last three months, the shares of Williams Partners L.P. (WPZ), have changed 21.77% and 18.61%, respectively.