NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Report were higher in mid-morning trading on Monday as RBC Capital initiated coverage of the shares with an "outperform rating," the Fly reports.
The firm also set a $39 price target on the Tulsa-based energy infrastructure company's stock.
Williams as a standalone company can benefit "disproportionately" in 2018 and beyond from execution on organic growth, asset sales, new equity and the end of its dividend reinvestment plan, RBC said.
These catalysts should trigger higher cash flow, the firm noted, the Fly said.
Also, oil prices were higher this morning after Algeria's Energy Minister Noureddine Bouterfa renewed speculation of an output freeze agreement.
OPEC members will meet later this week to discuss the possibility of pausing production levels, and Bouterfa said yesterday that he would not leave the meeting "empty-handed," Reuters reports.
Crude oil (WTI) was up 2.11% to $45.42 per barrel while Brent crude was advancing 2.03% to $46.82 per barrel this morning, boosting Williams Cos. stock.
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 this stock as a "hold" with a ratings score of C-.
Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find 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