What Analysts Recommend for Williams ahead of 2Q17 Earnings
In this article, we’ll look at what Wall Street analysts recommend for Williams Companies (WMB) and Williams Partners (WPZ).
Williams Companies (WMB) and Williams Partners (WPZ) went above their 200-day moving averages, driven by recent rallies.
Williams Companies (WMB) and Williams Partners (WPZ) have gained significantly YTD (year-to-date) thanks to the recent rally.
Williams Partners (WPZ) recently declared a distribution of $0.60 per unit for 2Q17—a 29% decrease from its distribution per unit of $0.85 in 2Q16.
The US Northeast region, which includes the Marcellus and Utica shale plays, is among the most prolific shale regions in the United States.
Williams Companies (WMB), which owns the GP (general partner) of Williams Partners (WPZ), has few business assets.
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), are scheduled to release their 2Q17 earnings on August 2, 2017.
About 58.0% of analysts rated Boardwalk Pipeline Partners (BWP) as a “buy,” 33.0% rated it as a “hold,” and the remaining 8.0% rated it as a “sell” on July 24, 2017.
Boardwalk Pipeline Partners’ RSI (relative strength index) was 43.5 on July 24.
Boardwalk Pipeline was trading at a distribution yield of 2.3% on July 24, 2017.
Boardwalk Pipeline Partners’ distribution has remained flat at $0.20 per unit since its distribution cut.
BWP ended 1Q17 with total outstanding debt of ~$3.6 billion, resulting in a net debt-to-EBITDA multiple of 4.3x.
Despite the huge recovery in drilling activity in the Eagle Ford region, natural gas production was still lower in 2Q17 compared to 2Q16.
Boardwalk Pipeline Partners (BWP) is scheduled to release its 2Q17 earnings on July 31, 2017. BWP beat its EBITDA estimate by 7.5% in 1Q17.
Of the analysts surveyed by Reuters, ~96% rated Enterprise Products Partners (EPD) as a “buy,” and ~4% rated the company as a “hold.”
Enterprise Products Partners (EPD) stock is up nearly 2% so far in 2017.
Harvest Fund Advisors, ALPS Advisors, and Tortoise Capital Advisors are the three largest institutional investors in Enterprise Products Partners (EPD) stock after Randa Duncan Williams.
In June 2017, Enterprise Products Partners announced plans to expand the capacity of its Orla natural gas processing plant, which is under construction.
Enterprise Products’ Crude Oil Pipelines & Services segment saw 31% year-over-year growth in its 1Q17 earnings.
Enterprise Products Partners (EPD) plans to report its 2Q17 results on August 3, 2017. Analysts expect EPD’s 2Q17 EBITDA to rise 4.9% to ~$1.4 billion from ~$1.3 billion in 2Q16.