NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Report are increasing 1.06% to $23.33 in afternoon trading as the company expects to report second quarter results after Monday's closing bell.
Analysts project the Tulsa, OK-based energy infrastructure company will post earnings of 22 cents per share on revenue of $1.84 billion.
Last year, Williams Cos. reported earnings of 15 cents per share on revenue of $1.84 billion.
In June, Energy Transfer Equity (ETE) called off its approximately $38 billion deal with Williams Cos. after an SEC review revealed tax issues, CNBC reports.
Additionally, Williams Cos. stock has wavered recently due to falling oil prices.
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 has this to say about the recommendation:
We rate WILLIAMS COS INC as a Hold with a ratings score of C-. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, 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