Willbros Group Inc. (NYSE:WG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Willbros Group, Inc. is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage. “
WG has been the topic of several other research reports. Morgan Stanley raised Willbros Group to an “equal weight” rating in a report on Friday, June 24th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $1.40 price objective on shares of Willbros Group in a report on Tuesday, August 2nd.
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Shares of Willbros Group (NYSE:WG) traded down 0.389% on Tuesday, reaching $1.793. The company had a trading volume of 11,227 shares. The firm has a market capitalization of $112.27 million, a PE ratio of 2.819 and a beta of 2.41. Willbros Group has a 12 month low of $1.11 and a 12 month high of $3.43. The firm’s 50 day moving average is $1.88 and its 200 day moving average is $2.39.
Willbros Group (NYSE:WG) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $193.44 million for the quarter, compared to analyst estimates of $208.83 million. Willbros Group had a negative return on equity of 26.76% and a net margin of 4.40%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) earnings per share. On average, equities research analysts expect that Willbros Group will post ($0.42) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in WG. Nationwide Fund Advisors raised its position in Willbros Group by 566.9% in the second quarter. Nationwide Fund Advisors now owns 53,471 shares of the company’s stock worth $135,000 after buying an additional 45,453 shares in the last quarter. Rhumbline Advisers bought a new position in Willbros Group during the second quarter worth about $124,000. A.R.T. Advisors LLC raised its position in Willbros Group by 124.7% in the second quarter. A.R.T. Advisors LLC now owns 90,816 shares of the company’s stock worth $229,000 after buying an additional 50,400 shares in the last quarter. Menta Capital LLC raised its position in Willbros Group by 210.1% in the second quarter. Menta Capital LLC now owns 82,927 shares of the company’s stock worth $210,000 after buying an additional 56,187 shares in the last quarter. Finally, Teachers Advisors Inc. bought a new position in Willbros Group during the second quarter worth about $168,000. 60.89% of the stock is currently owned by hedge funds and other institutional investors.
Willbros Group Company Profile
Willbros Group, Inc (Willbros) is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. The Company’s offerings include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada.
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