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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-week highs. Warning! GuruFocus has detected 4 Warning Sign with COL. Rockwell Collins Inc. is an aviation and high-integrity solutions company serving commercial and military customers.
Williams Companies (WMB) purchases all of the 256-million outstanding common units of Williams Partners in an all stock-for-unit transaction.
Moody's Investors Service (Moody's) upgraded The Williams Companies, Inc.'s (Williams) senior unsecured notes rating to Baa3 from Ba2, and assigned a Prime-3 Commercial Paper (CP) Rating to the company's new CP program. Moody's also affirmed the Baa3 ratings on Williams Partners L.P.'s (WPZ) senior unsecured notes and its stable rating outlook. Concurrently, Moody's withdrew Williams' Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating, and the SGL-2 Speculative Grade Liquidity Rating.
MLPs’ strong positive momentum continued. The Alerian MLP Index (^AMZ), which includes 44 energy MLPs, ended in the green for five consecutive weeks. AMZ rose 4.0% last week and ended at 285.5—the highest weekly gains in the last seven months. Out of the total 93 MLPs, 55 ended in the green, seven remained unchanged, and 31 ended in the red last week.
The combined company will operate some of the most-prized natural gas infrastructure in the United States -- and grow its distribution by up to 15% next year.
The natural gas pipeline giant plans to increase capital spending in connection with two new expansion initiatives.
Cabot Oil & Gas’s (COG) production in the second quarter was 1,895 MMcfe (million cubic feet equivalent) per day. This compares to 1,902 MMcfe per day reported in the second quarter of 2017 and 1,884 MMcfe per day reported in the first quarter. The year-over-year decline in COG’s production volumes resulted from its Eagle Ford asset divestiture, which closed in February.
Williams Partners' (WPZ) Q2 results benefit from higher fee-based revenues and contributions from two Marcellus shale gathering systems.
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), reported their second-quarter earnings on August 1 after the market closed. Williams Partners reported an adjusted EBITDA of $1.097 billion in the second quarter—compared to $1,104 billion in the second quarter of 2017, which represents a marginal decline of 0.6% year-over-year. The partnership’s EBITDA fell short of analysts’ estimates of $1.115 billion by ~$18 million (or 1.6%).
The Tulsa, Oklahoma-based company said it had net income of 44 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was ...
The strong positive momentum for MLPs continues. The Alerian MLP Index (or AMZ), which includes 44 energy MLPs, ended in the green last week for the fourth consecutive week. It rose 1.5% to end at 274.9.
In this article, we’ll look at production activity in the regions where Williams Partners (WPZ) has major exposure. Let’s start with the US Appalachia region, which includes the prolific Marcellus and Utica plays. Its natural gas production continued to grow in the second quarter of 2018, by 19.6% YoY (year-over-year). However, drilling activity in the Utica region has remained weak in recent months, which could be a slight concern for the company.
In Q2 2018, Williams Partners’ (WPZ) Atlantic Gulf segment is expected to benefit from its Transco expansion projects being placed into service, natural gas demand, and its processing margins. During the quarter, average crude oil prices rose YoY (year-over-year) to $67.90 per barrel from $48.10 per barrel. The above positives might be partially offset by lower contribution from its Discovery joint venture and higher operating and maintenance expenses resulting from projects being placed into service.
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), are scheduled to release their Q2 2018 earnings on August 1. Midstream C corporation Kinder Morgan (KMI) announced its second-quarter results on July 18. For an in-depth review, read Analyzing Kinder Morgan’s Second-Quarter Earnings.
MLPs had a weak start to last week amid weakness in crude oil and the Trump administration’s rejection of a demand from Plains All American Pipeline (PAA) that pipeline companies be exempted from the 25% tariff on steel imports.
On July 13–20, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) rose 1.5%—the second-largest gainer among major energy subsector ETFs during this period, as we discussed in the previous part. On July 19, TC PipeLines announced that it will report its second-quarter earnings results on August 2.
Both pipeline stocks have struggled to match the returns of the S&P 500 in recent years. Which one is better positioned to improve going forward?
Of the 18 analysts covering Williams Companies (WMB), seven recommend “strong buy,” seven recommend “buy,” and four recommend “hold.” Altogether, 78% recommend “strong buy” or “buy.” Their mean price target of s $34.40 for Williams Companies implies a 26% upside to WMB’s current price of $27.25.