NEW YORK (TheStreet) -- Shares of Williams Cos Inc (WMB) were down 2.77% to $57.31 in afternoon trading Wednesday, along with other energy related stocks after WTI crude slipped to settle in negative territory.
U.S. crude for August settled down 1.21% to $60.27 a barrel, according to CNBC.
At last check, Brent crude for August delivery was down 1.4% to $63.55 a barrel as of 2:51 p.m. ET today, while U.S. crude for August delivery was falling by 1.23% to $60.26 a barrel.
Although the Energy Information Administration reported that U.S. crude stocks fell more than expected, the crude market is being hampered by the situation in Greece, according to Reuters.
In addition, the EIA said gasoline stockpiles rose by 680,000 barrels last week, compared to a fall of 304,000 barrels expected by analysts polled by Thomson Reuters.
Tulsa-based Williams is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to markets for natural gas, natural gas liquids, and olefins.
Separately, 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 several positive factors, 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 good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."