Drivers behind Williams Companies’ Recent Market Performance


Nov. 20 2020, Updated 4:44 p.m. ET

Williams Companies’ recent performance

William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. Among WMB’s peers, ONEOK (OKE) and Kinder Morgan (KMI) have risen 5.0% and 1.6%, respectively, since last week. The Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has risen 2.8%.

WMB’s recent gains could be attributed to the general buying pattern in the midstream sector after the massive correction in the first three weeks of August, as well as the slight recovery in crude oil and natural gas prices. For more details on KMI’s recent performance, please read KMI Rose for the Second Week in a Row, Will the Momentum Sustain?

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Williams Companies’ year-to-date performance

WMB has fallen 3.3% since the beginning of 2017. Among WMB’s peers, ONEOK (OKE) and Kinder Morgan (KMI) have fallen 1.9% and 6.7%, respectively. AMLP has lost 11.0 % in 2017.

Williams Companies is outperforming AMLP and is underperforming the SPDR S&P 500 ETF (SPY) (SPX-INDEX) in 2017 year-to-date. WMB is underperforming SPY by 1,380 basis points and has risen 10.5%. WMB’s outperformance relative to AMLP could be attributed to its improved leverage position, reduced crude oil exposure through asset monetization, and timely completion of organic projects at Williams Partners (WPZ).

Series overview

In this series, we’ll discover whether WMB can gain upward momentum going forward. We’ll look into WMB’s technical indicators and valuations. Following this, we’ll look into WMB’s recent analyst recommendations.


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