BMO Capital Remains a Buy on Williams Partners

By Carrie Williams

In a report released yesterday, Danilo Juvane from BMO Capital reiterated a Buy rating on Williams Partners (NYSE: WPZ), with a price target of $47. The company’s shares closed yesterday at $39.90.

According to, Juvane is a 3-star analyst with an average return of 6.2% and a 67.9% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Spectra Energy Partners.

Currently, the analyst consensus on Williams Partners is Strong Buy and the average price target is $46.20, representing a 15.8% upside.

In a report issued on October 9, Stifel Nicolaus also reiterated a Buy rating on the stock with a $48 price target.

Williams Partners’ market cap is currently $38.83B and has a P/E ratio of 23.89. The company has a book value ratio of 1.6713.

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Williams Partners LP owns, operates, develops and acquires natural gas, natural gas liquids and oil gathering systems and other midstream energy assets. It provides gathering, treating and compression services. The company was founded in January 2010 and is headquartered in Oklahoma City, OK.