Zacks Investment Research lowered shares of Willbros Group, Inc. (NYSE:WG) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “Willbros Group, Inc. is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage. “

Several other equities analysts have also issued reports on WG. ValuEngine raised shares of Willbros Group from a sell rating to a hold rating in a report on Wednesday, August 2nd. Credit Suisse Group boosted their price objective on shares of Willbros Group from $1.25 to $1.35 and gave the company an underperformer rating in a research report on Wednesday, August 16th.

Willbros Group (WG) traded up 0.67% during mid-day trading on Friday, hitting $3.02. The stock had a trading volume of 130,893 shares. Willbros Group has a 1-year low of $1.42 and a 1-year high of $3.84. The company has a 50-day moving average price of $2.33 and a 200 day moving average price of $2.46. The company’s market cap is $191.17 million.

Willbros Group (NYSE:WG) last announced its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Willbros Group had a negative net margin of 6.17% and a negative return on equity of 31.89%. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $193.61 million. During the same quarter in the previous year, the business earned ($0.09) EPS. The firm’s revenue was up 17.6% on a year-over-year basis. Equities research analysts forecast that Willbros Group will post ($0.23) EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of WG. Rhumbline Advisers lifted its position in Willbros Group by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 49,560 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 4,550 shares in the last quarter. Menta Capital LLC lifted its position in Willbros Group by 5.8% during the 2nd quarter. Menta Capital LLC now owns 133,984 shares of the oil and gas company’s stock worth $331,000 after buying an additional 7,400 shares in the last quarter. Teachers Advisors LLC lifted its position in 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Willbros Group by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 172,234 shares of the oil and gas company’s stock worth $472,000 after buying an additional 6,800 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Willbros Group during the 2nd quarter worth about $513,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

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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