NEW YORK (TheStreet) -- Williams Cos. (WMB) - Get Report stock is slumping by 4.57% to $15.87 in late-afternoon trading on Thursday, after both Energy Transfer Partners (ETP) and its general partner Energy Transfer Equity (ETE) reported weaker-than-expected earnings.
Williams Cos. has agreed to be acquired by Energy Transfer Equity in a deal valued at $32.6 billion.
After yesterday's market close, Energy Transfer Equity reported 2015 fourth quarter earnings of 30 cents per unit on revenue of $9.54 billion. Analysts surveyed by Thomson Reuters were expecting earnings of 36 cents per unit on revenue of $13.04 billion.
Energy Transfer Partners posted a loss of 68 cents per unit on revenue of $5.83 billion for the quarter. Analysts surveyed by Thomson Reuters were looking for a per-unit profit of 43 cents on revenue of $8.95 billion.
Williams Cos. is natural gas processing and transportation company based in Tulsa, OK.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Williams Cos.' strengths such as its reasonable valuation levels, good cash flow from operations and expanding profit margins are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: WMB
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 article's author.