Willbros Group Inc. (WG) Shares Down 3.9%
Willbros Group Inc. (NYSE:WG) was down 3.9% during trading on Tuesday . The company traded as low as $2.46 and last traded at $2.48, with a volume of 161,763 shares changing hands. The stock had previously closed at $2.58.
A number of equities research analysts recently commented on WG shares. Morgan Stanley upgraded shares of Willbros Group to an “equal weight” rating in a report on Friday, June 24th. Zacks Investment Research upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a report on Thursday, May 19th. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $1.90 price target on shares of Willbros Group in a report on Sunday, June 5th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $1.72.
The company has a market capitalization of $155.95 million and a price-to-earnings ratio of 5.83. The company has a 50-day moving average of $2.77 and a 200 day moving average of $2.36.
Willbros Group (NYSE:WG) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.02. During the same period last year, the firm posted ($0.20) EPS. The business had revenue of $199 million for the quarter, compared to analyst estimates of $210.18 million. The firm’s revenue for the quarter was down 20.5% on a year-over-year basis. Equities research analysts predict that Willbros Group Inc. will post ($0.27) earnings per share for the current fiscal year.
A number of hedge funds have bought and sold shares of WG. Royce & Associates LLC purchased a new stake in Willbros Group during the fourth quarter worth $1,775,000. Russell Frank Co raised its stake in Willbros Group by 1.1% in the fourth quarter. Russell Frank Co now owns 692,111 shares of the company’s stock worth $1,841,000 after buying an additional 7,516 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Willbros Group by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,942,886 shares of the company’s stock worth $5,226,000 after buying an additional 107,882 shares in the last quarter.
Willbros Group, Inc (Willbros) is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. The Company’s offerings include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada.
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