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RBC Capital Remains a Buy on Williams Co (WMB)

Tipranks - Tipranks - Wed Jul 1, 6:30AM CDT

In a report released today, Elvira Scotto from RBC Capital reiterated a Buy rating on Williams Co, with a price target of $83.00.

End of Quarter Sale - 70% Off

Scotto covers the Energy sector, focusing on stocks such as Williams Co, Archrock, and USA Compression. According to TipRanks, Scotto has an average return of 17.0% and a 69.04% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Williams Co with a $84.13 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Williams Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.03 billion and a net profit of $912 million. In comparison, last year the company earned a revenue of $3.05 billion and had a net profit of $691 million

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMB in relation to earlier this year. Last month, Glen G. Jasek, the SVP of WMB sold 2,500.00 shares for a total of $195,374.92.

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