Willbros Group, Inc. (WG) Issues Earnings Results
Willbros Group, Inc. (NYSE:WG) announced its quarterly earnings data on Wednesday. The oil and gas company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49), Briefing.com reports. Willbros Group had a negative net margin of 6.17% and a negative return on equity of 31.89%. The firm had revenue of $240.77 million during the quarter, compared to analyst estimates of $246.20 million. During the same period last year, the business posted ($0.17) EPS. The company’s revenue was up 37.7% on a year-over-year basis.
Shares of Willbros Group (NYSE:WG) traded down $0.01 on Friday, hitting $1.50. The company’s stock had a trading volume of 728,664 shares, compared to its average volume of 211,853. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.60. Willbros Group has a 52-week low of $1.45 and a 52-week high of $3.84.
WG has been the topic of several analyst reports. Zacks Investment Research cut Willbros Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. ValuEngine raised Willbros Group from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Credit Suisse Group lifted their price target on Willbros Group from $1.25 to $1.35 and gave the stock an “underperformer” rating in a report on Wednesday, August 16th.
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An institutional investor recently raised its position in Willbros Group stock. State Street Corp lifted its stake in shares of Willbros Group, Inc. (NYSE:WG) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 585,889 shares of the oil and gas company’s stock after purchasing an additional 35,087 shares during the quarter. State Street Corp owned 0.93% of Willbros Group worth $1,447,000 as of its most recent SEC filing. Institutional investors own 57.23% of the company’s stock.
Willbros Group Company Profile
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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