Willbros Group, Inc. (WG) Short Interest Down 39.5% in September
Willbros Group, Inc. (NYSE:WG) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 374,621 shares, a decline of 39.5% from the August 31st total of 619,076 shares. Based on an average daily trading volume, of 356,174 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are short sold.
A number of brokerages have weighed in on WG. Zacks Investment Research upgraded shares of Willbros Group from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Saturday, September 23rd. ValuEngine raised Willbros Group from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Credit Suisse Group lifted their target price on Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research report on Wednesday, August 16th.
Willbros Group (NYSE WG) opened at 3.26 on Wednesday. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84. The stock’s 50 day moving average price is $2.60 and its 200-day moving average price is $2.50. The company’s market capitalization is $206.36 million.
Willbros Group (NYSE:WG) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $193.61 million. During the same period last year, the company posted ($0.09) EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts predict that Willbros Group will post ($0.23) earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Willbros Group by 10.1% in the second quarter. Rhumbline Advisers now owns 49,560 shares of the oil and gas company’s stock worth $122,000 after buying an additional 4,550 shares during the period. Teachers Advisors LLC increased its position in shares of Willbros Group by 111.4% in the fourth quarter. Teachers Advisors LLC now owns 124,138 shares of the oil and gas company’s stock worth $402,000 after acquiring an additional 65,425 shares in the last quarter. Menta Capital LLC increased its position in shares of Willbros Group by 44.5% in the first quarter. Menta Capital LLC now owns 126,584 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 38,966 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Willbros Group by 4.1% in the first 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 in the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new position in shares of Willbros Group in the second quarter worth approximately $513,000. 57.59% of the stock is owned by institutional investors and hedge funds.
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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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