Williams Companies (WMB) PT Raised to $36 at Argus

October 4, 2016 8:15 AM EDT
Get Alerts WMB Hot Sheet
Price: $30.18 +0.43%

Rating Summary:
    13 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 19 | New: 11
Trade WMB Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Argus reiterated a Buy rating and bumped its price target on Williams Companies (NYSE: WMB) to $36.00 (from $31.00).

The firm notes since the termination of the merger agreement with Energy Transfer Equity on June 27, WMB shares have risen more than 50%.

"We believe the run-up reflects expectations for continued strong demand for natural gas, both from commercial and residential customers; the company’s opportunities to expand its natural gas assets; and recent activist interest in the shares," the analyst stated.

They are retaining their 2016 EPS estimate of $0.74 and 2017 estimate of $1.15, implying growth of 55%.

For an analyst ratings summary and ratings history on Williams Companies click here. For more ratings news on Williams Companies click here.

Shares of Williams Companies closed at $30.63 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Argus, Definitive Agreement

Add Your Comment