Williams Companies Given “Neutral” Rating at Zacks (WMB)
Williams Companies (NYSE:WMB)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Monday, Stock Ratings Network reports. They currently have a $38.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 5.79% from the stock’s previous close.
Zacks‘ analyst wrote, “Williams Companies should be able to generate highly visible cash flow and dividend growth over the next several years through strong operational performances by its business units. With Williams now freed from the capital constraints of a typical E&P firm, the company’s exposure to a bullish NGL processing market and a deep inventory of growth projects is set to unlock significant shareholder value. However, we remain worried about volatile natural gas prices, which are likely to restrict near-term growth prospects at Williams. This compels us to maintain our Neutral recommendation on the company’s shares. We also believe that upside potential will remain limited until this North American pure play energy infrastructure company has fully reaped the benefits of the spin-off.”
In other Williams Companies news, Director Frank Macinnis acquired 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $36.71 per share, for a total transaction of $139,498.00. Following the completion of the transaction, the director now directly owns 108,526 shares in the company, valued at approximately $3,983,989. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on WMB. Analysts at Jefferies Group initiated coverage on shares of Williams Companies in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $41.00 price target on the stock. Separately, analysts at ISI Group initiated coverage on shares of Williams Companies in a research note to investors on Monday, July 29th. They set a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Williams Companies in a research note to investors on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Williams Companies currently has an average rating of “Buy” and a consensus price target of $40.89.
Shares of Williams Companies (NYSE:WMB) traded down 0.35% on Monday, hitting $35.795. The stock had a trading volume of 1,792,082 shares. Williams Companies has a 1-year low of $30.55 and a 1-year high of $38.57. The stock’s 50-day moving average is $35.88 and its 200-day moving average is $35.61. The company has a market cap of $24.455 billion and a P/E ratio of 39.43.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.06. During the same quarter last year, the company posted $0.22 earnings per share.
The Williams Companies, Inc (NYSE:WMB) is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.
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