Willbros Group Inc. (WG) Lifted to Hold at Zacks Investment Research
Willbros Group Inc. (NYSE:WG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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 research report on Friday, June 24th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $1.40 price objective on shares of Willbros Group in a research report on Tuesday, August 2nd.
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Willbros Group (NYSE:WG) traded down 1.11% during trading on Tuesday, hitting $1.78. The stock had a trading volume of 10,827 shares. The stock has a market capitalization of $111.46 million, a PE ratio of 2.80 and a beta of 2.41. The stock’s 50-day moving average is $1.88 and its 200-day moving average is $2.39. Willbros Group has a 52-week low of $1.11 and a 52-week high of $3.43.
Willbros Group (NYSE:WG) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $208.83 million. Willbros Group had a negative return on equity of 26.76% and a net margin of 4.40%. Willbros Group’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) EPS. On average, analysts predict that Willbros Group will post ($0.42) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Willbros Group by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,104,854 shares of the company’s stock worth $5,325,000 after buying an additional 120,369 shares during the last quarter. Vanguard Group Inc. increased its position in Willbros Group by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,657,424 shares of the company’s stock worth $4,193,000 after buying an additional 91,473 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Willbros Group by 30.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,277,307 shares of the company’s stock worth $3,232,000 after buying an additional 297,052 shares during the last quarter. Royce & Associates LP increased its position in Willbros Group by 20.7% in the second quarter. Royce & Associates LP now owns 1,152,809 shares of the company’s stock worth $2,917,000 after buying an additional 197,500 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Willbros Group by 1,127.3% in the second quarter. BlackRock Fund Advisors now owns 1,117,875 shares of the company’s stock worth $2,828,000 after buying an additional 1,026,792 shares during the last quarter. 60.89% of the stock is currently owned by institutional investors and hedge funds.
About Willbros Group
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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