Willbros Group (NYSE:WG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Friday.

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. “

A number of other equities analysts also recently commented on the company. ValuEngine upgraded Willbros Group from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Credit Suisse Group increased their target price on shares of Willbros Group from $1.25 to $1.35 and gave the stock an “underperformer” rating in a report on Wednesday, August 16th.

Shares of Willbros Group (NYSE WG) traded down $0.03 during mid-day trading on Friday, reaching $1.29. The company’s stock had a trading volume of 38,661 shares, compared to its average volume of 259,365. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.29. Willbros Group has a 12 month low of $1.11 and a 12 month high of $3.84.

Willbros Group (NYSE:WG) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.49). Willbros Group had a negative net margin of 8.45% and a negative return on equity of 54.91%. The company had revenue of $240.77 million for the quarter, compared to the consensus estimate of $246.20 million. During the same quarter in the previous year, the company posted ($0.17) EPS. Willbros Group’s quarterly revenue was up 37.7% compared to the same quarter last year. analysts predict that Willbros Group will post -0.11 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of WG. TIAA CREF Investment Management LLC grew its position in Willbros Group by 72.6% during the first quarter. TIAA CREF Investment Management LLC now owns 295,575 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 124,316 shares during the period. Heartland Advisors Inc. raised its stake in shares of Willbros Group by 2.3% during the second quarter. Heartland Advisors Inc. now owns 4,400,443 shares of the oil and gas company’s stock worth $10,869,000 after acquiring an additional 99,233 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Willbros Group by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,455,337 shares of the oil and gas company’s stock worth $6,065,000 after purchasing an additional 191,019 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Willbros Group by 6.4% in the second quarter. Royce & Associates LP now owns 1,737,409 shares of the oil and gas company’s stock worth $4,291,000 after purchasing an additional 105,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 6,800 shares during the last quarter. 65.59% of the stock is currently owned by institutional investors.

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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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