Williams Partners (NYSE:WPZ) Sees Coverage Initiated By Deutsche Bank with a $41 Price

April 21, 2018 - By Larry Anderson

Why Has Deutsche Bank Given Williams Partners (NYSE:WPZ) a $41 Price Target

In analysts report revealed to clients and investors on Friday morning, analysts at Deutsche Bank has initiated coverage for Williams Partners (NYSE:WPZ) shares. The firm has decided to set a Buy rating along with a $41, adding 16.41 % to the target.

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. $45.40’s average target is 28.90% above currents $35.22 stock price. Williams Partners had 16 analyst reports since November 13, 2017 according to SRatingsIntel. The stock of Williams Partners L.P. (NYSE:WPZ) earned “Buy” rating by U.S. Capital Advisors on Thursday, January 4. The stock of Williams Partners L.P. (NYSE:WPZ) earned “Buy” rating by UBS on Friday, March 2. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, November 29. Jefferies maintained Williams Partners L.P. (NYSE:WPZ) on Wednesday, December 20 with “Buy” rating. The company was maintained on Tuesday, April 17 by Barclays Capital. BMO Capital Markets maintained it with “Buy” rating and $47.0 target in Monday, November 13 report. The company was upgraded on Friday, March 9 by J.P. Morgan. The stock of Williams Partners L.P. (NYSE:WPZ) has “Buy” rating given on Friday, February 16 by Stifel Nicolaus. The rating was upgraded by JP Morgan on Friday, March 9 to “Overweight”. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Hold”.

The stock decreased 0.93% or $0.33 during the last trading session, reaching $35.22. About 1.36M shares traded. Williams Partners L.P. (NYSE:WPZ) has declined 13.20% since April 21, 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 EPS, down 39.71 % or $0.27 from last year’s $0.68 per share. WPZ’s profit will be $400.02 million for 21.48 P/E if the $0.41 EPS becomes a reality. After $0.39 actual EPS 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 $34.36 billion. It operates through Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services divisions. It has a 39.13 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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