Williams Cos. (WMB) Stock Retreats on Dropping Oil Prices

Oil prices are retreating this afternoon on concerns of a global oversupply, weighing on Williams Cos. (WMB) stock.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Report  are sliding 0.81% to $24.47 in late-afternoon trade as speculation of a global oil glut leads oil prices lower.

Crude oil (WTI) is down 1.3% to $44.17 per barrel and Brent crude is falling 1.23% to $45.63 per barrel.

The Baker Hughes (BHI) rig count data, released earlier today, revealed that U.S. drillers had added 15 active rigs last week. There are now 462 rigs active in the U.S.

In Iraq, speculation is rising that the country's oil exports will rise in July, CNBC reports. U.S. stockpiles climbed this past week to a historical high for the time of year, at 5.9 million barrels.

Williams Cos. is a Tulsa, OK-based energy infrastructure company.

Separately, 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.

TheStreet Ratings rated the 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 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

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