Monthly Stock Report: Williams Companies, Inc. (WMB)
Publication Date: September 22, 2024
Company Overview
Williams Companies, Inc. (WMB), headquartered in Tulsa, Oklahoma, is a prominent player in the energy infrastructure sector, focusing on oil and gas midstream services. Established in 1908, Williams operates a vast network of 33,000 miles of pipelines, facilitating the gathering, processing, and transportation of natural gas and natural gas liquids across multiple regions in the United States. With its diverse operations segmented into Transmission & Gulf of Mexico and Northeast G&P, the company is a critical component of the energy supply chain, enabling efficient energy trading and storage. In light of its strong market position and significant revenue of approximately $10.25 billion, Williams is viewed as a compelling investment opportunity within the Oil & Gas Midstream industry.
Investment Insights
Analysts have set a target high price for Williams at $55.00, indicating a robust upside potential from its current stock price of $45.38. This target aligns with a conservative target mean price of $45.73 and a low estimate of $39.00, reflecting a favorable outlook for investors. With approximately 1.22 billion shares outstanding and only 21.36 million shares shorted—representing about 1.96% of the float—there is a moderate level of skepticism in the market. However, the majority of shares remain well-positioned for trading activity, lending to a positive sentiment overall.
Financial Performance and Market Trends
In assessing Williams’ financial health, the company reports substantial revenue, yet lacks detailed EBITDA data, leaving a gap in profitability insights. The stock is currently trading near its fifty-two week high of $45.82, positioning the stock within a tight range, significantly above the low of $32.49. Furthermore, the fifty-day moving average stands at $44.0006, showing a bullish trend as the current price exceeds this average. With a consensus recommendation score of 2.4 from 18 analysts, there is strong backing for the stock’s growth potential. Overall, the analysis suggests that Williams Companies, Inc. remains a stable and resilient investment in the ever-evolving energy market, with a clear path toward growth.
| Metric | Value |
|---|---|
| Market Cap | $55.3b |
| Total Debt | $26.3b |
| Total Cash | $55.0m |
| Shares Outstanding | 1.2b |
| Float Shares | 1.2b |
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