Drilling Down Into Williams Partners L.P. (WPZ)

Williams Partners L.P. (WPZ) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Pipelines. The stock has been active on the tape, currently trading at $38.78, down from yesterday’s close by -0.59%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Williams Partners L.P. (WPZ) currently trades with a market capitalization of $37.99 Billion. That value represents a market adjusting for revenues that have been falling by -1.15 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$435.28 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 0.05% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Williams Partners L.P. recorded a 52-week high of $42.32. It is now trading 3.54% off that level. The stock is trading $37.06 its 50-day moving average by -1.72%. The stock carved out a 52-week low down at $34.74.

In recent action, Williams Partners L.P. (WPZ) has made a move of +5.67% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.08% with $261.55 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WPZ.

Previous articleAmTrust Financial Services, Inc. (AFSI): From Top to Bottom
Next articleThe Case for and Against Merck & Co., Inc. (MRK)