A number of analysts have recently issued reports on the stock.
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Pipeline company Williams Cos Inc (WMB.N) on Monday laid out plans to move forward as a standalone company and invest $1.7 billion in its master limited partnership, Williams Partners (WPZ.N), in the wake of the breakup of its more than $20 billion takeover by rival Energy Transfer Equity LP (ETE.N) in June. BMO Capital Markets reissued a “hold” rating and issued a $26.00 price objective on shares of Williams Partners L.P.in a research report on Thursday, July 7th. In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share.
Without ever trading a single share of stock, without buying an option and Without ever touching a mutual friend.
Williams Companies Inc (NYSE:WMB) stock is now trading at about $23.97 and lots of rating firms seem to have a target price set on the stock. Tudor Pickering upgraded Williams Cos. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. They issued a “neutral” rating and a $40.00 price objective on the stock. The retained cash “can be reinvested into Williams Partners to enhance its ability to maintain its distribution and increase its distribution coverage, while providing the partnership with the flexibility to reduce debt and maintain its investment grade ratings”. The company has a 50 day moving average price of $22.22 and a 200-day moving average price of $19.00. The shares have been rated “Buy” by the firm. For the quarter, the pipeline company posted quarterly a diluted loss per share of $0.49 and adjusted EBITDA of $1.07 billion. For the full-year Williams is expected to post EPS of $0.82 and revenues of $7.7 billion. Analysts had estimated an EPS of $0.22. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $55.42. Current revenue movements show that, the company has set average revenue estimates of 1.79B covering forecast of 6 analysts. Consensus revenue estimates call for third quarter sales of $2.36 billion and full-year sales of $6.99 billion.
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Several executives took part in recent insider activity for the stock. Meanwhile, Senior Vice President Ewing Robyn L sold 3,405 shares worth $178000.63, through a transaction dated 2015-08-03. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.69. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services.
