Willbros Group, Inc. (WG) Stock Rating Upgraded by ValuEngine
Willbros Group, Inc. (NYSE:WG) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other brokerages have also weighed in on WG. Zacks Investment Research lowered shares of Willbros Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th. Credit Suisse Group upped their target price on shares of Willbros Group from $1.25 to $1.35 and gave the stock an “underperformer” rating in a research note on Wednesday, August 16th.
Shares of Willbros Group (NYSE:WG) opened at 2.83 on Friday. The firm’s market cap is $179.14 million. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84. The company’s 50-day moving average price is $2.28 and its 200-day moving average price is $2.47.
Willbros Group (NYSE:WG) last announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $193.61 million. Willbros Group had a negative net margin of 6.17% and a negative return on equity of 31.89%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. Equities analysts expect that Willbros Group will post ($0.23) earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in shares of Willbros Group by 750.6% during the 1st quarter. Acadian Asset Management LLC now owns 121,974 shares of the oil and gas company’s stock worth $335,000 after buying an additional 107,634 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Willbros Group during the 2nd quarter worth about $513,000. TIAA CREF Investment Management LLC boosted its stake in shares of Willbros Group by 72.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 295,575 shares of the oil and gas company’s stock worth $810,000 after buying an additional 124,316 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Willbros Group by 111.4% during the 4th quarter. Teachers Advisors LLC now owns 124,138 shares of the oil and gas company’s stock worth $402,000 after buying an additional 65,425 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Willbros Group by 9.9% during the 1st quarter. Royce & Associates LP now owns 1,632,409 shares of the oil and gas company’s stock worth $4,473,000 after buying an additional 147,500 shares during the last quarter. Institutional investors own 58.66% of the company’s stock.
Willbros Group Company Profile
Willbros Group, Inc is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries.
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