Willbros Group, Inc. (WG) Upgraded at ValuEngine
Willbros Group, Inc. (NYSE:WG) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
WG has been the subject of several other research reports. Zacks Investment Research raised Willbros Group from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Saturday, September 2nd. Credit Suisse Group lifted their price objective on Willbros Group from $1.25 to $1.35 and gave the stock an “underperformer” rating in a report on Wednesday, August 16th.
Willbros Group (NYSE WG) traded up 2.17% during trading on Friday, hitting $2.83. 817,085 shares of the company’s stock traded hands. The company’s market cap is $179.14 million. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84. The company’s 50 day moving average price is $2.28 and its 200 day moving average price is $2.47.
Willbros Group (NYSE:WG) last released its earnings results on Monday, July 31st. The oil and gas company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. Willbros Group had a negative return on equity of 31.89% and a negative net margin of 6.17%. The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $193.61 million. During the same period in the previous year, the business posted ($0.09) EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts expect that Willbros Group will post ($0.23) earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Willbros Group by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 49,560 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 4,550 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Willbros Group by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 172,234 shares of the oil and gas company’s stock worth $472,000 after acquiring an additional 6,800 shares during the last quarter. Menta Capital LLC increased its holdings in Willbros Group by 5.8% in the 2nd quarter. Menta Capital LLC now owns 133,984 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 7,400 shares during the last quarter. Strs Ohio increased its holdings in Willbros Group by 4.1% in the 1st quarter. Strs Ohio now owns 222,300 shares of the oil and gas company’s stock worth $609,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Willbros Group by 4.0% in the 2nd quarter. Northern Trust Corp now owns 499,507 shares of the oil and gas company’s stock worth $1,234,000 after acquiring an additional 19,269 shares during the last quarter. 58.66% of the stock is owned by institutional investors.
About Willbros Group
Willbros Group, Inc is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries.
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