Willbros Group Inc. (NYSE:WG)’s share price dropped 4.3% during mid-day trading on Monday . The company traded as low as $2.18 and last traded at $2.22, with a volume of 113,552 shares. The stock had previously closed at $2.32.

WG has been the topic of a number of research reports. Credit Suisse Group AG reissued an “underperform” rating and issued a $1.90 price objective on shares of Willbros Group in a report on Monday, March 28th. Zacks Investment Research downgraded shares of Willbros Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Morgan Stanley raised shares of Willbros Group to an “equal weight” rating in a report on Friday, June 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $1.72.

The stock has a market cap of $139.04 million and a P/E ratio of 5.20. The company has a 50 day moving average price of $2.69 and a 200-day moving average price of $2.34.

Willbros Group (NYSE:WG) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.02. During the same quarter last year, the business posted ($0.20) earnings per share. The business earned $199 million during the quarter, compared to the consensus estimate of $210.18 million. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities analysts forecast that Willbros Group Inc. will post ($0.28) earnings per share for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LLC purchased a new position in Willbros Group during the fourth quarter valued at approximately $1,775,000. Russell Frank Co raised its position in Willbros Group by 1.1% in the fourth quarter. Russell Frank Co now owns 692,111 shares of the company’s stock valued at $1,841,000 after buying an additional 7,516 shares during the period. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $5,226,000 after buying an additional 107,882 shares during the period.

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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