Willbros Group, Inc. (WG) EVP Purchases $23,200.00 in Stock
Willbros Group, Inc. (NYSE:WG) EVP Priest Johnny bought 20,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $1.16 per share, with a total value of $23,200.00. Following the purchase, the executive vice president now owns 253,584 shares of the company’s stock, valued at $294,157.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Willbros Group, Inc. (NYSE WG) traded up $0.01 on Thursday, hitting $1.15. 823,200 shares of the stock traded hands, compared to its average volume of 228,411. Willbros Group, Inc. has a 52 week low of $1.10 and a 52 week high of $3.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.29.
Willbros Group (NYSE:WG) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.49). Willbros Group had a negative net margin of 8.45% and a negative return on equity of 54.91%. The firm had revenue of $240.77 million for the quarter, compared to analyst estimates of $246.20 million. During the same period last year, the firm posted ($0.17) EPS. The business’s revenue was up 37.7% compared to the same quarter last year. analysts anticipate that Willbros Group, Inc. will post -0.11 earnings per share for the current year.
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Several research firms have weighed in on WG. ValuEngine lowered shares of Willbros Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of Willbros Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Credit Suisse Group boosted their price target on shares of Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a report on Wednesday, August 16th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Willbros Group by 19.0% during the third quarter. California Public Employees Retirement System now owns 465,956 shares of the oil and gas company’s stock valued at $1,500,000 after acquiring an additional 74,556 shares during the period. 22NW LP acquired a new stake in Willbros Group in the third quarter worth about $647,000. Royce & Associates LP lifted its holdings in Willbros Group by 14.1% in the third quarter. Royce & Associates LP now owns 1,982,409 shares of the oil and gas company’s stock worth $6,383,000 after purchasing an additional 245,000 shares during the period. OxFORD Asset Management LLP acquired a new stake in Willbros Group in the third quarter worth about $195,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Willbros Group by 15.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,826,876 shares of the oil and gas company’s stock worth $9,103,000 after purchasing an additional 371,539 shares during the period. 56.91% of the stock is owned by institutional investors.
About Willbros Group
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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