Williams Companies (WMB) Posts Quarterly Earnings, Beats Expectations By $0.05 EPS
Williams Companies (NYSE:WMB) released its earnings data on Wednesday. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.05, Analyst Ratings Net reports. During the same quarter in the prior year, the company posted $0.25 earnings per share.
Shares of Williams Companies (NYSE:WMB) traded down 0.91% during mid-day trading on Wednesday, hitting $36.95. 4,088,227 shares of the company’s stock traded hands. Williams Companies has a 52-week low of $30.55 and a 52-week high of $38.57. The stock has a 50-day moving average of $35.44 and a 200-day moving average of $35.42. The company has a market cap of $25.244 billion and a price-to-earnings ratio of 40.93. Williams Companies also was the recipient of unusually large options trading on Wednesday. Traders acquired 29,970 call options on the stock. This represents an increase of approximately 404% compared to the typical volume of 5,941 call options.
In other Williams Companies news, SVP Allison G. Bridges sold 6,000 shares of Williams Companies stock on the open market in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $37.00, for a total value of $222,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WMB. Analysts at ISI Group downgraded shares of Williams Companies from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 14th. They now have a $38.00 price target on the stock. On a related note, 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. Finally, 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Williams Companies currently has an average rating of “Buy” and a consensus target price of $40.67.
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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