Barclays Maintains a Buy Rating on Williams Co (WMB)


In a report issued on July 16, Christine Cho, CFA from Barclays maintained a Buy rating on Williams Co (WMB), with a price target of $32. The company’s shares closed yesterday at $27.72.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 48.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Cheniere Energy Partners LP, and Dcp Midstream Partners Lp.

Williams Co has an analyst consensus of Moderate Buy, with a price target consensus of $32.50, which is a 17.2% upside from current levels. In a report issued on July 12, Raymond James also maintained a Buy rating on the stock with a $33 price target.

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Based on Williams Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.05 billion and net profit of $195 million. In comparison, last year the company earned revenue of $2.09 billion and had a net profit of $135 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.

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The Williams Cos., Inc. operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses.

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