Willbros Group Inc. (WG) Trading 4.7% Higher
Willbros Group Inc. (NYSE:WG) traded up 4.7% on Thursday . The company traded as high as $2.08 and last traded at $2.02, with a volume of 124,548 shares traded. The stock had previously closed at $1.93.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “sell” rating and set a $1.40 target price on shares of Willbros Group in a report on Tuesday, August 2nd. Morgan Stanley raised Willbros Group to an “equal weight” rating in a report on Friday, June 24th. Finally, Zacks Investment Research raised Willbros Group from a “sell” rating to a “hold” rating in a report on Saturday, June 18th.
The company has a 50-day moving average price of $2.21 and a 200 day moving average price of $2.32. The company has a market cap of $129.62 million and a P/E ratio of 3.25.
Willbros Group (NYSE:WG) last announced its quarterly earnings results 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 company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $208.83 million. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) EPS. On average, equities analysts expect that Willbros Group Inc. will post ($0.45) EPS for the current fiscal year.
An institutional investor recently bought a new position in Willbros Group stock. Royce & Associates LLC acquired a new position in shares of Willbros Group Inc. (NYSE:WG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 660,028 shares of the company’s stock, valued at approximately $1,775,000. Royce & Associates LLC owned about 1.06% of Willbros Group as of its most recent filing with the SEC.
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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