Willbros Group Inc. (WG) Shares Up 4.7%
Shares of Willbros Group Inc. (NYSE:WG) shot up 4.7% during trading on Thursday . The stock traded as high as $2.08 and last traded at $2.02, with a volume of 124,548 shares trading hands. The stock had previously closed at $1.93.
Several research firms have commented on WG. Zacks Investment Research cut Willbros Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Credit Suisse Group AG restated a “sell” rating and issued a $1.40 price target on shares of Willbros Group in a report on Tuesday, August 2nd. Finally, Morgan Stanley upgraded Willbros Group to an “equal weight” rating in a report on Friday, June 24th.
The stock has a market capitalization of $126.48 million and a price-to-earnings ratio of 3.18. The stock has a 50 day moving average price of $2.18 and a 200 day moving average price of $2.31.
Willbros Group (NYSE:WG) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.09) earnings per share 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 analyst estimates of $208.83 million. During the same period in the previous year, the business posted ($0.32) EPS. Willbros Group’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, equities analysts expect that Willbros Group Inc. will post ($0.45) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Willbros Group stock. Royce & Associates LLC acquired a new stake in Willbros Group Inc. (NYSE:WG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.