Williams Partners (WPZ) Receives Daily Coverage Optimism Score of 0.19
Media headlines about Williams Partners (NYSE:WPZ) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Williams Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.5701927931109 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- ZMLP’s Holdings Imply 11% Gain Potential (nasdaq.com)
- Williams Partners LP (WPZ) Earns Buy Rating from Jefferies Group LLC (americanbankingnews.com)
- Williams Partners to Grow Infrastructure, Midstream Services in Appalachia (oilandgas360.com)
- Constitution natgas pipe could enter service by first half 2019 (WPZ, COG, WGL, DUK, NFG, WMB) (markets.businessinsider.com)
- Williams Partners Breaks Above 200-Day Moving Average – Bullish for WPZ – Nasdaq (nasdaq.com)
A number of research analysts have recently issued reports on WPZ shares. BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Wells Fargo & Company dropped their price objective on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Jefferies Group LLC reissued a “buy” rating and issued a $44.00 price objective on shares of Williams Partners in a research note on Tuesday, August 22nd. Zacks Investment Research raised Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Wolfe Research started coverage on Williams Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Williams Partners currently has a consensus rating of “Buy” and a consensus price target of $44.93.
Williams Partners (WPZ) opened at 39.39 on Wednesday. Williams Partners has a 1-year low of $32.93 and a 1-year high of $42.32. The company’s 50-day moving average price is $39.18 and its 200-day moving average price is $39.76. The firm has a market capitalization of $37.65 billion, a P/E ratio of 23.69 and a beta of 1.40.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Equities research analysts expect that Williams Partners will post $0.76 earnings per share for the current fiscal year.
In related news, Director H Brent Austin acquired 1,000 shares of the stock in a transaction on Friday, September 22nd. The stock was acquired at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the acquisition, the director now directly owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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About Williams Partners
Williams Partners L.P. is an energy infrastructure company. The Company has operations 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. It operates through its Northeast G&P, Atlantic-Gulf, West segment.
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