Williams Companies Shares Have Risen 50% Since Terminating Energy Transfer Merger

Williams Companies Inc WMB price target was raised to $36 by Argus following the fallout between a merger agreement with Energy Transfer Equity ETE in June.

Williams Companies stock has increased over 50 percent since the termination of the agreement between the two energy companies. Energy Transfer was set to purchase Williams for $33 billion, but the deal became less attractive as oil prices continued to slump.

Argus cited recent activist interest in shares as well as a "run-up reflects expectations for continued strong demand for natural gas, both from commercial and residential customers; the company's opportunities to expand its natural gas assets" has the stock moving higher.

Shares of Williams Companies remain well below its 2015 high of $61 per share.

Williams Companies traded down 1.34 percent to $30.21 Tuesday.