WBI Sees Unusually Large Options Volume (NYSE:WBI)

WBI (NYSE:WBIGet Free Report) was the recipient of some unusual options trading activity on Friday. Traders acquired 7,622 call options on the stock. This represents an increase of approximately 5,588% compared to the typical volume of 134 call options.

WBI Stock Performance

WBI stock opened at $32.53 on Friday. The firm has a 50 day moving average of $28.65. The firm has a market cap of $4.02 billion and a P/E ratio of 130.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $36.21.

WBI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $0.05 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. WBI’s payout ratio is 80.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Barclays lifted their target price on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, The Goldman Sachs Group lifted their target price on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Read Our Latest Stock Report on WBI

About WBI

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WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.

Further Reading

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