Willbros Group, Inc. (WG) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Willbros Group, Inc. (NYSE:WG) from a buy rating to a hold rating in a report released 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. “
Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of Willbros Group from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Credit Suisse Group increased their price target 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.
Willbros Group (NYSE:WG) opened at 2.24 on Friday. The stock’s 50 day moving average is $2.15 and its 200-day moving average is $2.50. Willbros Group has a one year low of $1.42 and a one year high of $3.84. The firm’s market capitalization is $141.80 million.
Willbros Group (NYSE:WG) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business 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% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. On average, analysts anticipate that Willbros Group will post ($0.23) EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Willbros Group by 10.1% during 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 during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Willbros Group by 11.0% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 101,000 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 10,000 shares during the last quarter. Menta Capital LLC boosted its holdings in shares of 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 valued at $331,000 after acquiring an additional 7,400 shares during the last quarter. Acadian Asset Management LLC boosted its holdings 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 valued at $335,000 after acquiring an additional 107,634 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings 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 valued at $402,000 after acquiring an additional 65,425 shares during the last quarter. 58.66% of the stock is currently owned by institutional investors.
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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