Willbros Group Inc. (WG) Sees Strong Trading Volume
Shares of Willbros Group Inc. (NYSE:WG) saw unusually-high trading volume on Friday . Approximately 338,267 shares were traded during 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.
WG has been the subject of several research analyst reports. Credit Suisse Group AG reaffirmed a “sell” rating and set a $1.90 price target on shares of Willbros Group in a research note on Sunday, June 5th. Morgan Stanley upgraded Willbros Group to an “equal weight” rating in a report on Friday, June 24th. Finally, Zacks Investment Research upgraded Willbros Group from a “sell” rating to a “hold” rating in a report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $1.72.
The firm has a market cap of $128.39 million and a P/E ratio of 4.80. The stock’s 50-day moving average price is $2.59 and its 200 day moving average price is $2.34.
Willbros Group (NYSE:WG) last issued its quarterly earnings results on Friday, July 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The business earned $193.44 million during the quarter, compared to analysts’ expectations of $208.83 million. During the same quarter in the previous year, the company posted ($0.32) EPS. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts forecast that Willbros Group Inc. will post ($0.28) earnings per share for the current year.
A number of large investors have modified their holdings of WG. Royce & Associates LLC acquired a new stake in shares of Willbros Group during the fourth quarter worth about $1,775,000. Dimensional Fund Advisors LP raised 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 worth $5,226,000 after buying an additional 107,882 shares during the last quarter. Finally, Russell Frank Co raised 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 worth $1,841,000 after buying an additional 7,516 shares during 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.