On Wednesday, Shares of Williams Companies, Inc. (NYSE:WMB), lost -2.66% to $57.37, together 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.
On Wednesday, the U.S. Energy Information Administration said that inventories fell by 4.9 million barrels in the week ending June 19. The decline was the eighth straight registered in as many weeks, and came in well above the predictable draw of 1.7 million barrels, according to an average of nine analyst estimates compiled by Bloomberg.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
Shares of Vantage Drilling Company (NYSEMKT:VTG), declined -2.42% to $0.19, during its last trading session, hitting its lowest level, as U.S. crude stocks fell by 4.9 million barrels, the U.S. Energy Information Administration (EIA) said, more than analysts predictable. This confirmed a trend stated by the industry group American Petroleum Institute on Tuesday.
Vantage Drilling Company, last released its earnings data on Thursday, May 7th. The company stated ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.05. The company had revenue of $217.60 million for the quarter, contrast to the consensus estimate of $216.81 million. During the same quarter last year, the company posted $0.07 earnings per share. Vantage Drilling Company’s revenue was down 6.4% contrast to the same quarter last year. Analysts expect that Vantage Drilling Company will post $0.0900 EPS for the current fiscal year.
Vantage Drilling Company, through its auxiliaries, provides offshore contract drilling services in the United States and internationally. It offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells. The company also provides construction supervision and operations administration services for drilling units owned by others.
Finally, Hilton Worldwide Holdings Inc. (NYSE:HLT), ended its last trade with -0.43% loss, and closed at $27.98.
Hilton Worldwide Holdings, declared the opening of Hilton Garden Inn Dandong as the first Hilton Garden Inn property in North China, in addition to the only internationally branded hotel in Dandong. Hilton Worldwide presently operates two other hotels under the Hilton Garden Inn brand in China, counting the Hilton Garden Inn Shenzhen Bao’an and the Hilton Garden Inn Lijiang. Hilton Garden Inn Dandong features 202 contemporary guest rooms, counting 12 suites and 24 river view rooms, all located within walking distance of the scenic Yalu River.
Hilton Garden Inn Dandong is owned by Dandong Huilong Industry Development Co., Ltd. and managed by Hilton Worldwide. It will join a global portfolio of more than 625 Hilton Garden Inn branded hotels, counting six operating within the Asia Pacific.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
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