Williams Companies (WMB) Releases Quarterly Earnings, Misses Expectations By $0.01 EPS
Williams Companies (NYSE:WMB) issued its quarterly earnings data on Wednesday. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.01, Analyst Ratings News reports. During the same quarter last year, the company posted $0.21 earnings per share.
Williams Companies (NYSE:WMB) traded down 2.38% on Wednesday, hitting $56.69. 5,431,896 shares of the company’s stock traded hands. Williams Companies has a 1-year low of $33.70 and a 1-year high of $59.68. The stock has a 50-day moving average of $56.75 and a 200-day moving average of $45.85. The company has a market cap of $38.862 billion and a price-to-earnings ratio of 97.43.
WMB has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of Williams Companies from a “focus list” rating to a “focus list” rating in a research note on Tuesday, July 8th. On the ratings front, analysts at Howard Weil raised their price target on shares of Williams Companies from $43.00 to $68.00 in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Williams Companies to $63.00 in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.60.
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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