Williams Cos. (WMB) Stock Rising with Higher Oil Prices
NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Report are up 0.28% to $25.06 this afternoon as oil prices rally.
Crude oil (WTI) is up 0.65% to $44.85 per barrel and Brent crude is up 0.86% to $47.06 per barrel.
Oil prices are gaining today on data from the U.S. Energy Information Administration showing that the U.S. crude stockpile has dropped for the ninth week in a row.
Crude oil inventories fell by 2.3 million barrels for the week of July 15, beating analysts' forecasts of 2.1 million barrels.
The news has lifted oil prices from a two-month low yesterday.
Williams Cos. is a Tulsa, OK-based energy infrastructure company.
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 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.