NEW YORK (TheStreet) -- Williams Companies (WMB) shares are down 2.5% to $43.03 on Friday as the price of a barrel of oil continues to fall.
A barrel of industry standard West Texas Intermediate sold for January delivery on the New York Mercantile Exchange is down to $58.55 as OPEC continues to maintain its production levels.
On Wednesday, OPEC forecast that demand for its oil will fall to 28.92 million barrels per day next year, a 280,000 barrel per day drop from current demand levels. Oil has been trading at multi-year lows since late November when OPEC decided to maintain its current output target of 30 million barrels per day.
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TheStreet Ratings team rates WILLIAMS COS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WILLIAMS COS INC (WMB) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."