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Williams Companies shares briefly rise as Goldman gives 'buy' rating

A Williams Companies Inc. natural gas drilling rig operates in Rifle, Colorado.
George Frey | Bloomberg | Getty Images

Williams Companies shares rose 1.5 percent on Wednesday after Goldman Sachs put a "buy" rating on the stock.

The firm based the rating on "strong fundamental positioning in natural gas infrastructure and its visible growth from well-contracted project."

Williams Companies shares have been choppy due to quarterly results and a failed merger deal. Last month, Energy Transfer Equity terminated an agreement with the company.

Williams shares have slipped about 13.5 percent this year.

Williams Companies' year-to-date performance: