Willbros Group Upgraded to “Neutral” at Zacks (WG)
Willbros Group (NYSE:WG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a $10.00 price target on the stock. Zacks‘ target price indicates a potential upside of 2.93% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Willbros Group (NYSE:WG) from $6.00 to $7.00 in a research note to investors on Monday, August 12th. They now have an “underperform” rating on the stock. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Willbros Group (NYSE:WG) in a research note to investors on Tuesday, July 23rd. They now have a $8.00 price target on the stock, up previously from $7.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Willbros Group (NYSE:WG) in a research note to investors on Tuesday, July 16th. They now have a $9.50 price target on the stock.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Willbros Group currently has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Willbros Group (NYSE:WG) traded down 2.06% during mid-day trading on Tuesday, hitting $9.52. The stock had a trading volume of 468,964 shares. Willbros Group has a one year low of $4.07 and a one year high of $10.45. The stock’s 50-day moving average is $8.60 and its 200-day moving average is $8.06. The company’s market cap is $473.7 million.
Willbros Group (NYSE:WG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.10. The company had revenue of $487.90 million for the quarter, compared to the consensus estimate of $503.04 million. Willbros Group’s revenue was up 8.3% compared to the same quarter last year.
Willbros Group, Inc (NYSE:WG) is a full service engineering and construction company specializing in energy infrastructure serving the oil and gas and power industries.
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