Willbros Group (WG) Posts Quarterly Results
Willbros Group (NYSE:WG) released its earnings data on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02, Analyst Ratings.Net reports. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $532.94 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis.
Shares of Willbros Group (NYSE:WG) traded up 0.95% on Monday, hitting $11.69. The stock had a trading volume of 189,647 shares. Willbros Group has a one year low of $7.19 and a one year high of $13.69. The stock has a 50-day moving average of $12.32 and a 200-day moving average of $11.05. The company’s market cap is $585.0 million.
A number of research firms have recently commented on WG. Analysts at Zacks downgraded shares of Willbros Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 8th. They now have a $11.60 price target on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Willbros Group in a research note on Friday, May 9th. They now have a $13.00 price target on the stock, down previously from $13.50. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Willbros Group has an average rating of “Hold” and a consensus price target of $11.43.
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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