Wells Fargo & Co. Upgrades Williams to Outperform (WMB)

By admin | 6 years ago

Williams (NYSE: WMB) was upgraded by investment analysts at Wells Fargo & Co. (NYSE: WFC) to an “outperform” rating in a note issued to investors on Wednesday.

Shares of Williams traded down 0.41% during mid-day trading on Wednesday, hitting $31.26. Williams has a one year low of $21.90 and a one year high of $34.63. The company has a market cap of $18.600 billion and a P/E ratio of 39.84.

Williams last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.03. Williams’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Williams will post $0.36 earnings per share next quarter.

A number of other analysts have also recently weighed in on WMB. Analysts at Zacks reiterated a “neutral” rating on shares of Williams in a research note to investors on Monday. They now have a $31.00 price target on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Williams from $35.00 to $38.00 in a research note to investors on Friday, April 27th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Williams from $35.00 to $40.00 in a research note to investors on Thursday, April 26th. They now have an “overweight” rating on the stock.

The Williams Companies, Inc. (Williams) is a natural gas company. The Company primarily finds, produces, gathers, processes and transports natural gas.

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