Willbros Group Inc. (WG) Stock Price Up 6%
Shares of Willbros Group Inc. (NYSE:WG) rose 6% during trading on Friday . The stock 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.
WG has been the subject of several recent analyst reports. Credit Suisse Group AG restated a “sell” rating and issued a $1.90 target price on shares of Willbros Group in a research note on Sunday, June 5th. Zacks Investment Research upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th. Finally, Morgan Stanley upgraded shares of Willbros Group to an “equal weight” rating in a research note 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 currently has an average rating of “Hold” and an average target price of $1.72.
The company has a market capitalization of $165.34 million and a PE ratio of 6.18. The company’s 50 day moving average is $2.86 and its 200 day moving average is $2.36.
Willbros Group (NYSE:WG) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $199 million for the quarter, compared to the consensus estimate of $210.18 million. The company’s quarterly revenue was down 20.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) earnings per share. On average, equities analysts forecast that Willbros Group Inc. will post ($0.25) EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of WG. Royce & Associates LLC purchased a new stake in Willbros Group during the fourth quarter worth approximately $1,775,000. 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 in the last quarter. Finally, 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 in 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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