Jefferies Reiterates a Buy Rating on Williams Co

By Jason Carr

In a report released yesterday, Brad Handler from Jefferies reiterated a Buy rating on Williams Co (NYSE: WMB), with a price target of $34. The company’s shares closed yesterday at $29.12.

According to, Handler is ranked 0 out of 5 stars with an average return of -9.4% and a 32.7% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

Currently, the analyst consensus on Williams Co is Moderate Buy and the average price target is $32.60, representing an 12.0% upside.

In a report issued on June 5, RBC Capital also reiterated a Buy rating on the stock with a $34 price target.

Based on Williams Co’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.99 billion and quarterly net profit of $373 million. In comparison, last year the company earned revenue of $1.66 billion and had a GAAP net loss of $65 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WMB in relation to earlier this year.

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The Williams Cos., Inc. operates as an integrated natural gas company that explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners, Williams NGL & Petchem Services and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses. The gas pipeline business includes interstate natural gas pipelines and pipeline joint venture investments, and the midstream business provides natural gas gathering, treating and processing services; NGL production, fractionation, storage, marketing and transportation and deepwater production handling and crude oil transportation services. The Williams NGL & Petchem Services comprises Texas belle pipeline and certain other domestic olefins pipeline assets and certain canadian growth projects under development, including a propane dehydrogenation facility and a liquids extraction plant. The Other segment comprises of corporate operations and Canadian construction services company. The company was founded in 1908 by David Williams and Miller Williams and is headquartered in Tulsa, OK.