Willbros Group Inc. (WG) Shares Up 6%
Willbros Group Inc. (NYSE:WG) shares shot up 6% during trading on Friday . The company traded as high as $2.65 and last traded at $2.64, with a volume of 59,799 shares traded. The stock had previously closed at $2.49.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Willbros Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a $1.90 price objective on shares of Willbros Group in a research note on Monday, March 28th. Morgan Stanley raised Willbros Group to an “equal weight” rating in a research note on Friday, June 24th. Finally, Avondale Partners cut their price target on Willbros Group from $2.50 to $2.25 and set a “market perform” rating on the stock in a research note on Friday, March 11th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $1.72.
The stock has a market cap of $165.34 million and a PE ratio of 6.18. The company’s 50 day moving average price is $2.86 and its 200 day moving average price is $2.36.
Willbros Group (NYSE:WG) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. The company earned $199 million during the quarter, compared to the consensus estimate of $210.18 million. During the same quarter last year, the firm posted ($0.20) EPS. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that Willbros Group Inc. will post ($0.25) EPS for the current fiscal year.
Several hedge funds recently added to or reduced their stakes in WG. Royce & Associates LLC bought a new stake in Willbros Group during the fourth quarter worth about $1,775,000. 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 during the last quarter. Finally, 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 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.
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