WBI (NYSE:WBI) Given Average Recommendation of “Moderate Buy” by Brokerages

WBI (NYSE:WBI) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.20.

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. The Goldman Sachs Group increased their price objective on shares of WBI from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company lifted their price objective on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. UBS Group set a $33.00 target price on shares of WBI in a research note on Monday, March 16th. Finally, Barclays raised their price target on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st.

WBI Trading Up 2.2%

Shares of NYSE WBI opened at $34.81 on Friday. The company has a market cap of $4.30 billion and a P/E ratio of 139.25. WBI has a 12-month low of $18.64 and a 12-month high of $36.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $30.61.

WBI (NYSE:WBI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.08 EPS for the quarter. The company had revenue of $200.98 million for the quarter. As a group, equities analysts forecast that WBI will post 0.37 earnings per share for the current fiscal year.

WBI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 4th. WBI’s dividend payout ratio is 80.00%.

Insiders Place Their Bets

In other WBI news, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total transaction of $52,742,978.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $177,139,521.30. Following the transaction, the director owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This trade represents a 74.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 19,439,652 shares of company stock valued at $584,161,543. 50.61% of the stock is owned by corporate insiders.

WBI Company Profile

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