Revenue Update on Williams Companies Inc(NYSE:WMB)

Williams Companies Inc(NYSE:WMB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $1.74B. Analysts estimated a revenue of $1.79B. Earnings per share were $0.19. Analysts had estimated an EPS of $0.24.

In a different note, On Jul 25, 2016, Jefferies said it Maintains its rating on Williams Companies Inc. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 22, 2016, Citigroup said it Assumes its rating on Williams Companies Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 21, 2016, Tudor Pickering said it Upgrades its rating on Williams Companies Inc. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Goldman Sachs said it Reinstates its rating on Williams Companies Inc. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Jefferies said it Maintains its rating on Williams Companies Inc. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage on Williams Companies Inc, according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm.

Williams Companies Inc (WMB) made into the market gainers list on Mondays trading session with the shares advancing 1.17% or 0.3 points. Due to strong positive momentum, the stock ended at $25.93, which is also near the day’s high of $26.23. The stock began the session at $25.86 and the volume stood at 1,16,29,720 shares. The 52-week high of the shares is $55.42 and the 52 week low is $10.22. The company has a current market capitalization of $19,465 M and it has 75,06,57,570 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Ted T Timmermans (Vice President and Controller) sold 1,000 shares at $36.58 per share price.Also, On Aug 5, 2015, Robyn L Ewing (Senior Vice President) sold 3,405 shares at $52.46 per share price.On Jun 24, 2015, Fred E. Pace (Senior Vice President) sold 4,388 shares at $60.58 per share price, according to the Form-4 filing with the securities and exchange commission.

The Williams Companies Inc. 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. The Company operates through three segments: Williams Partners comprised of its consolidated partnership Pre-merger WPZ (Williams Partners L.P.) which includes gas pipeline and midstream businesses; Access Midstream comprised of its consolidated master limited partnership ACMP (Access Midstream Partners L.P.) which includes certain domestic midstream businesses that provide gathering treating and compression services to producers under long-term fee-based contracts and Williams NGL and Petchem Services comprised of certain other domestic olefins pipeline assets and certain Canadian growth projects under development including a propane dehydrogenation facility and a liquids extraction plant.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *