Williams Companies Stock Rating Lowered by ISI Group (WMB)
Williams Companies (NYSE:WMB) was downgraded by analysts at ISI Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. They currently have a $38.00 target price on the stock. ISI Group’s price target would indicate a potential upside of 5.12% from the stock’s previous close.
Williams Companies (NYSE:WMB) traded down 1.91% during mid-day trading on Monday, hitting $35.46. 3,553,053 shares of the company’s stock traded hands. Williams Companies has a one year low of $30.55 and a one year high of $38.57. The stock has a 50-day moving average of $35.9 and a 200-day moving average of $35.58. The company has a market cap of $24.226 billion and a price-to-earnings ratio of 39.68.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.06. During the same quarter in the previous year, the company posted $0.22 earnings per share. Analysts expect that Williams Companies will post $0.73 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note to investors on Monday, October 7th. They now have a $38.00 price target on the stock. Separately, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Williams Companies has an average rating of “Buy” and an average price target of $40.60.
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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