23.04 0.00 (0.00%)
After hours: 5:03PM EDT
|Bid||22.91 x 4000|
|Ask||23.03 x 2900|
|Day's Range||22.85 - 23.07|
|52 Week Range||20.36 - 29.55|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||523.64|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||1.52 (6.63%)|
|1y Target Est||29.36|
Cabot (COG) focuses on high-impact natural gas-oriented drilling. Its acreage in the Marcellus shale play might have cemented its position for substantial output growth in Q3.
Williams (WMB) today reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Southeastern Trail expansion project designed to serve Transco pipeline markets in the Mid-Atlantic and Southeastern U.S. in time for the 2020/2021 winter heating season. The Southeastern Trail expansion project will provide 296,375 dekatherms per day of additional firm transportation capacity to utility and local distribution companies located in Virginia, North Carolina, South Carolina and Georgia. Once complete, the project will help meet growing clean energy demands in the Southeast, as well as provide access to new sources of clean domestic natural gas supply, helping push out of the energy mix less environmentally friendly sources of fuel, while enhancing system reliability.
Gold prices were volatile but largely unchanged from Wednesday's levels on Thursday, as early weakness on signs of a Brexit deal gave way to fresh buying as signs of resistance from U.K. lawmakers emerged.
(Bloomberg) -- The New York utility owner that’s gone head-to-head with Governor Andrew Cuomo over a new natural gas pipeline has a backup plan for easing a winter supply crunch: Send the fuel by truck.National Grid Plc customers in the Hamptons and other parts of Long Island may receive deliveries of compressed natural gas from Texas-based Thigpen Solutions LLC, which signed a contract to supply the heating fuel at peak demand periods when the weather gets cold enough, according to a filing last month. Thigpen would send two trucks an hour for as many as eight hours on specified days, Chief Executive Officer Sam Thigpen said.Cuomo and National Grid have been feuding since New York rejected a $1 billion expansion to a Williams Cos. pipeline over environmental concerns. The utility owner and another company halted new gas hookups in some communities, saying service couldn’t be offered safely without a new conduit. The clash escalated earlier this month when Cuomo ordered National Grid to begin providing the fuel immediately to 1,100 homes and businesses that had previously been denied.“We continue to find solutions in the absence of Williams,” John Bruckner, president of National Grid New York, said in a telephone interview. Though the utility owner has deployed CNG trucks for the past couple of years, it represents a small of total supply and shouldn’t be considered a long-term solution to rising demand, he said.“We do not want to have to depend on CNG stations for the normal course of business,” Bruckner said. Gas supplied by truck would account for less than 2% of peak demand, according to National Grid.Closely held Thigpen is still working out the best way to navigate New York traffic to make the deliveries, Sam Thigpen said Tuesday on the sidelines of the of the Gulf Coast Energy Forum in New Orleans. The gas will be sourced from New Jersey and possibly Pennsylvania, he said.Though delivering gas by truck isn’t the most economic way to secure supply, “we don’t do this because we’re cheap,” but because not enough pipelines have been built to meet demand, Thigpen said during a panel at the forum.To contact the reporters on this story: Naureen S. Malik in New York at email@example.com;Gerson Freitas Jr. in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
How important are dividends to a stock investor's profits?Speaking before the Financial Industry Regulatory Authority (FINRA) on October 15, 2007, investing guru John Bogle laid out the case:"Over the past 81 years ... reinvested dividend income accounted for approximately 95 percent of the compound long-term return earned by the companies in the S&P 500. These stunning figures would seem to demand that mutual funds highlight the importance of dividend income."So in other words, dividends are pretty important! Of course, right now the average stock on the S&P 500 is only paying about a 2% dividend yield, which isn't a lot. If you want to do better than that, though, the Stock Screener at TipRanks is a great way to begin your search for buy-rated stocks on Wall Street, paying above average dividend yields. A search conducted today, for example, turns up three likely suspects.Schlumberger (SLB)One of the world's best-known "oilfield services" stocks, Schlumberger has fallen upon hard times of late. As oil prices first surged, then slumped back, after the Saudi oilfield missile attacks last month failed to spark a broader war in the Persian Gulf, Schlumberger stock has slumped right alongside them -- now down 45% over the past 52 weeks.Low oil prices mean less demand for oil, and less profits for oilfield servicers like Schlumberger. As a result, the $1.49 per share the company has earned over the past year leaves the stock trading for a not obviously cheap P/E ratio of 22 even with the decline in share price.And yet, the stock also pays a 6.5% dividend yield, and Wall Street analysts believe earnings could revive whether or not oil prices perform likewise. On average, analysts anticipate that Schlumberger stock could rebound 39%, rising from less than $33 today to as high as $45 over the next year. (See Schlumberger stock analysis on TipRanks)One of these analysts, Morgan Stanley's Connor Lynagh, predicted that a "focus on returns" and "shutting down unprofitable assets... can drive earnings and cash flow improvement without higher oil prices or service price improvement." In particular, Lynagh thinks Schlumberger should focus on faster growing offshore markets rather than onshore drilling in North America, which is the company's "weakest relative market." Overall, Lynagh believes the "risk-reward for SLB is the most compelling it has been in years."More optimistic than most, Lynagh has a $51 price target on Schlumberger -- good for a 55% profit if he's right. (To watch Lynagh's track record, click here)Williams Companies (WMB)Another great dividend payer operating in the oil patch is Williams Companies, which specializes in natural gas storage and transportation.Despite being only barely profitable under GAAP accounting standards, Williams pays a very nice dividend -- 6.6%. And before you wonder how a company only just "breaking even" can afford a dividend, let me point out that despite reporting only $63 million in GAAP profits, Williams generated well over $1.2 billion in positive free cash flow over the last year. It's only because of interest payments and a large, non-cash charge to earnings for asset write-downs that the stock appears unprofitable today.Speaking of which, one of the analysts who recommends Williams Companies, J.P. Morgan's Jeremy Tonet, is in favor of the asset sales as they're raising cash needed to de-leverage the company and help "blaze a path of capital discipline" going forward. Looking forward, Tonet also argues that low natural gas prices are spurring demand for natural gas, creating "associated infrastructure expansion needs representing the primary driver for WMB's long term growth outlook."Predicting that earnings before interest, taxes, depreciation, and amortization will continue to grow over at least the next two years, Tonet agrees with most other analysts on the Street, that Williams stock is worth $31 a share -- and is therefore a "buy," inasmuch as that price target is 34% more than Williams stock fetches today.Overall, Williams Companies had 5 bullish analysts in its corner over the last three months, with 4 analysts playing it safe on the sidelines. The 12-month average price target showcases 34% in upside potential for the 'Moderate Buy' rated stock. (See Williams Companies stock analysis on TipRanks)Altria Group (MO)Switching gears here at the end, we turn to cigarette-maker Altria, long a reliable source of dividend income for investors, and paying a monster dividend yield of 7.9%.Now, the cigarette industry's troubles are well-known. Regulation is increasing around the world, and this probably isn't a product that's going to be around forever. That expectation, however, has Altria stock trading at an extremely attractive 12.8 times earnings today, and between the 7.9% divvy and a 6.6% long-term earnings growth forecast, that makes for an also attractive PEG ratio of less than 0.9. (Value investors usually consider any stock trading for less than a 1.0x PEG ratio to be a bargain).One wild card that could help Altria stock do even better than that is iQOS, Altria's new technology for heating, not burning, tobacco, so as to deliver nicotine without all the nasty chemicals formed by tobacco combustion. In a note just out this month, Wells Fargo analyst Bonnie Herzog argues that the FDA "crack down" on vaping is creating an opening for iQOS to steal share in the market for alternatives to traditional nicotine delivery.In particular, Herzog predicts that if the FDA forbids sale of "mint/menthol flavors" of e-liquid for vaporizers, it will hand iQOS "a distinct competitive advantage in the U.S." market and enhance Altria's "competitive moat" -- inasmuch as 35% of smokers smoke menthols, and will probably gravitate to a smoking cessation device that offers an alternative to menthol.This fact alone, in Herzog's view, may suffice to make Altria stock a buy -- but the 7.9% dividend yield certainly doesn't hurt.Overall, Street analysts think this price is too cheap to last, and predict Altria shares will fetch $55 or so within a year -- 28% above today's price. (See Altria stock analysis on TipRanks)
Is The Williams Companies, Inc. (NYSE:WMB) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]
Williams Companies (WMB) stock has fallen 6% while natural gas is down 15% in the last three weeks. WMB has fallen more than 15% in the last 12 months.
DALLAS , Oct. 4, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part ...
Williams (WMB) plans to announce its third-quarter 2019 financial results after the market closes on Wednesday, Oct. 30. A webcast link to the conference call will be provided at www.williams.com. Williams (WMB) is a premier provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks.
Investing.com - Asian markets were mixed in morning trade on Monday. Chinese stocks were down more than 1% even after trade teams from Beijing and Washington held “constructive” discussions.
Investing.com - Upcoming appearances by Federal Reserve policymakers in the coming days will be even more closely watched by investors than usual in the wake of its second rate cut this year. In addition, investors will be focusing their attention on economic data for fresh indications on the outlook for monetary policy. Brexit and trade tensions will also be occupying the attention of market participants. Here’s what you need to know to start your week.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Williams Companies, Inc. (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The longest bull market in history keeps charging. Stocks are near record highs, which sounds good, but it does create a problem for income investors. Specifically, where can they find dividend stocks poised for outperformance that still sport decent yields?The idea, after all, is to buy stocks when they're low, then sell high. And they don't seem too low when they're only a couple of percentage points below record levels. Stocks' lofty prices have crushed their yields, too. The trailing 12-month dividend yield on the S&P; 500 stands at a paltry 1.9%.High-quality dividend stocks with better-than-average yields do exist, however. We're here to help you find them.We scoured the S&P; 500 for dividend stocks with yields of at least 3%. From that pool, we focused on stocks with an average broker recommendation of Buy or better. S&P; Global Market Intelligence surveys analysts' stock ratings and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the stronger the Buy call.Lastly, we dug into research and analysts' estimates on the top-scoring names. That led us to these 25 great blue-chip dividend stocks that have the highest analyst ratings. SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained
Investing.com - Gold prices remained close to recent highs on Wednesday, refusing to give up much ground despite a broad rally in risk assets around the world.
Williams Cos Inc's long-delayed Constitution natural gas pipeline from Pennsylvania to New York could enter service in a couple years after federal regulators found New York took too long to deny a needed water permit, analysts said on Tuesday. "Barring any permit reversals or unfavorable court decisions, we believe the project could enter service in 2021," analysts at Height Capital Markets in Washington said in a report. Last week, the U.S. Federal Energy Regulatory Commission (FERC) ordered that the New York State Department of Environmental Conservation (NYSDEC) waived the water quality certification required under the federal Clean Water Act for the New York portion of the pipe.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...