Willbros Group Inc. (WG) Sees Unusually-High Trading Volume
Shares of Willbros Group Inc. (NYSE:WG) saw strong trading volume on Friday . 338,267 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 223,632 shares.The stock last traded at $2.03 and had previously closed at $2.14.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Willbros Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Morgan Stanley raised Willbros Group to an “equal weight” rating in a research note on Friday, June 24th. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and issued a $1.90 price target on shares of Willbros Group in a research note on Sunday, June 5th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Willbros Group presently has a consensus rating of “Hold” and an average target price of $1.72.
The firm has a market capitalization of $128.39 million and a P/E ratio of 4.80. The company has a 50 day moving average price of $2.59 and a 200 day moving average price of $2.34.
Willbros Group (NYSE:WG) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The firm had revenue of $193.44 million for the quarter, compared to analysts’ expectations of $208.83 million. During the same period last year, the company earned ($0.32) earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. On average, equities research analysts expect that Willbros Group Inc. will post ($0.28) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Royce & Associates LLC purchased a new stake in shares of Willbros Group during the fourth quarter valued at about $1,775,000. Dimensional Fund Advisors LP boosted its stake in shares of 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. Finally, Russell Frank Co boosted its stake in shares of 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.
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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