Williams Co Gets a Buy Rating from RBC Capital

By Ryan Adsit

RBC Capital analyst T J Schultz reiterated a Buy rating on Williams Co (NYSE: WMB) yesterday and set a price target of $34. The company’s shares opened today at $28.85.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.8% and a 67.3% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Williams Co has an analyst consensus of Moderate Buy, with a price target consensus of $32.60.

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 22 insiders, corporate insider sentiment is neutral on the stock.

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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.