Williams Partners L.P. Downgraded to “Neutral” at ISI Group (WPZ)
Williams Partners L.P. (NYSE:WPZ) was downgraded by investment analysts at ISI Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Stock Ratings News reports.
Williams Partners L.P. (NYSE:WPZ) traded up 1.54% during mid-day trading on Monday, hitting $53.37. The stock had a trading volume of 352,776 shares. Williams Partners L.P. has a 52-week low of $45.01 and a 52-week high of $55.47. The stock has a 50-day moving average of $51.25 and a 200-day moving average of $51.13. The company has a market cap of $22.090 billion and a P/E ratio of 17.57.
Williams Partners L.P. (NYSE:WPZ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.06. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, analysts predict that Williams Partners L.P. will post $1.44 earnings per share for the current fiscal year.
WPZ has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Williams Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 3rd. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Williams Partners L.P. from $55.00 to $57.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Williams Partners L.P. in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $55.00 price target on the stock. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.27.
Williams Partners L.P. is a limited partnership formed by The Williams Companies, Inc (NYSE:WPZ).
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