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Friday, September 22, 2023

The Williams Companies Inc. (NYSE:WMB) on the Path to Ruin

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The Williams Companies Inc. (WMB) shares are trading at lower $20.90 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $22.74.

To add more color to this target, the company’s high over the last year is $25.29 and the low is $8.41. Over the last 52 weeks, WMB is down -13.17% while the S&P 500 is up 15.97%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, WMB reported a profit of $612.0 million. The Williams Companies Inc. also saw revenues increase to $1.78 billion. In addition, WMB has free cash flow of $1.32 billion as of 06-2020. The company’s EBITDA came in at $1.06 billion which compares well with its peers.

WMB booked profit margins of 1.60%, its Return on Equity (ROE) is 1.00%, and its Return on Assets is 0.30%. All told, it is clear that, WMB needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WMB has a short ratio of 2.19 and outstanding shares of 1.21B.

Company Outlook

WMB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 6.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.12. The Williams Companies Inc. WMB also noted assets of $45.34 billion at the end of the last quarter. Investors should also keep an eye on sector updates as WMB has historically followed its peers on positive news.

All told, The Williams Companies Inc. WMB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WMB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Williams Companies Inc. WMB is now commanding a market cap of 25.23B and a float of 1.21B. WMB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WMB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in WMB, either long or short, and we have not been compensated for this article.

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