Williams Cos. (WMB) Stock Down Despite Goldman Sachs Resuming Coverage
NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Report are down 0.69% to $21.74 this afternoon despite a note released by Goldman Sachs this morning resuming coverage of the stock with a "buy" rating and a $25 price target.
The Tulsa, OK-based energy infrastructure company provides a "compelling opportunity" to investors due to its robust fundamentals and inexpensive valuation, the firm said.
Goldman Sachs added that Williams Cos. has visible growth from well-contracted projects, and that investors should see weaknesses in shares following dividend cuts as a buying opportunity.
This comes on the heels of the company's failed takeover of Energy Transfer Equity (ETE) on June 29.
Williams Cos. stock is up 5.57% for the trading period from June 29 to July 13. It is under pressure today as oil prices fall.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, TheStreet Ratings also finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
You can view the full analysis from the report here: WMB
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.