Williams Companies Inc (WMB) is Downgraded by Raymond James to Mkt Perform

Williams Companies Inc (WMB) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on May 6, 2016.

On the company’s financial health, Williams Companies Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.23.Analysts expectations of $ 1851.89.During the same quarter in the previous year, the company posted $0.16 EPS.

Williams Companies Inc closed down -0.15 points or -0.77% at $19.24 with 97,09,158 shares getting traded on Wednesday. Post opening the session at $19.11, the shares hit an intraday low of $18.35 and an intraday high of $19.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 2, 2015, Ted T Timmermans (Vice President and Controller) sold 1,000 shares at $36.58 per share price. According to the SEC, on Aug 5, 2015, Robyn L Ewing (Senior Vice President) sold 3,405 shares at $52.46 per share price. On Jun 24, 2015, Fred E. Pace (Senior Vice President) sold 4,388 shares at $60.58 per share price, according to the Form-4 filing with the securities and exchange commission.

The Williams Companies Inc. is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas natural gas liquids (NGLs) and olefins. The Company operates through three segments: Williams Partners comprised of its consolidated partnership Pre-merger WPZ (Williams Partners L.P.) which includes gas pipeline and midstream businesses; Access Midstream comprised of its consolidated master limited partnership ACMP (Access Midstream Partners L.P.) which includes certain domestic midstream businesses that provide gathering treating and compression services to producers under long-term fee-based contracts and Williams NGL and Petchem Services comprised of certain other domestic olefins pipeline assets and certain Canadian growth projects under development including a propane dehydrogenation facility and a liquids extraction plant.

Williams Companies Inc

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