Jefferies analyst Christopher Sighinolfi reiterated a Buy rating on Williams Partners (NYSE: WPZ) today and set a price target of $51. The company’s shares closed yesterday at $40.57.
According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 11.4% and a 68.0% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Dcp Midstream Partners Lp.
Currently, the analyst consensus on Williams Partners is a Moderate Buy with an average price target of $43.83, an 8.0% upside from current levels. In a report issued on July 12, BMO Capital also reiterated a Buy rating on the stock with a $41 price target.
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Based on Williams Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.08 billion and net profit of $353 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $314 million.
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Williams Partners LP engages in the supply of natural gas through pipelines system. It operates through the following segments: Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services.
