Williams Companies Target of Unusually High Options Trading (WMB)
Williams Companies (NYSE:WMB) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 17,638 call options on the stock, Stock Ratings News reports. This is an increase of approximately 179% compared to the typical volume of 6,312 call options.
A number of research firms have recently commented on WMB. Analysts at Jefferies Group downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. They now have a $44.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Williams Companies from $42.00 to $51.00 in a research note on Friday, March 14th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Friday, March 7th. They now have a $45.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Williams Companies currently has a consensus rating of “Hold” and an average price target of $43.50.
Shares of Williams Companies (NYSE:WMB) traded up 2.61% on Thursday, hitting $43.27. 6,677,616 shares of the company’s stock traded hands. Williams Companies has a 1-year low of $31.25 and a 1-year high of $42.94. The stock’s 50-day moving average is $41.03 and its 200-day moving average is $38.78. The company has a market cap of $29.615 billion and a P/E ratio of 67.58.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. Analysts expect that Williams Companies will post $1.10 EPS for the current fiscal year.
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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