WBI (NYSE:WBI) Shares Up 3.8% – Should You Buy?

Shares of WBI (NYSE:WBI) traded up 3.8% during mid-day trading on Thursday. The company traded as high as $29.97 and last traded at $29.9610. 118,184 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 902,793 shares. The stock had previously closed at $28.86.

Wall Street Analyst Weigh In

WBI has been the subject of a number of research analyst reports. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Morgan Stanley upped their price objective on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wells Fargo & Company raised their price objective on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. assumed coverage on WBI in a research note on Tuesday, August 18th. They set an “overweight” rating and a $38.00 target price for the company. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $40.00 target price on shares of WBI in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.71.

WBI Stock Down 0.4%

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.68 billion and a price-to-earnings ratio of 372.76. The firm’s 50 day simple moving average is $32.28 and its two-hundred day simple moving average is $30.22.

WBI (NYSE:WBI) last announced its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. The firm had revenue of $217.77 million for the quarter. On average, equities analysts forecast that WBI will post 0.31 EPS for the current year.

WBI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. WBI’s dividend payout ratio is currently 250.00%.

WBI Company Profile

WBI Holdings, Inc was a holding company associated with businesses in the natural gas industry. Through its subsidiaries, the company was involved primarily in the transmission, storage and related transportation of natural gas.

Its operations served energy markets in the northern United States, including areas connected to the Williston Basin and surrounding states. The company’s activities supported the movement of natural gas from production regions to utilities, industrial customers and other end users.

Publicly available information about WBI Holdings, Inc’s current operating status, leadership and corporate structure is limited, and the company is not generally identified as an active operating company under the NYSE:WBI symbol.