Zacks Investment Research lowered shares of Willbros Group (NYSE:WG) from a hold rating to a strong sell rating in a research note issued to investors on Friday.

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 equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Willbros Group from a hold rating to a sell rating in a report on Thursday, August 17th. Credit Suisse Group lifted their price target on shares of Willbros Group from $1.25 to $1.35 and gave the stock an underperformer rating in a report on Wednesday, August 16th.

Willbros Group (WG) opened at $1.33 on Friday. 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 has a twelve month low of $1.11 and a twelve month high of $3.84.

Willbros Group (NYSE:WG) last posted its earnings results on Wednesday, November 8th. The oil and gas company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $240.77 million for the quarter, compared to analysts’ expectations of $246.20 million. During the same quarter last year, the business posted ($0.17) earnings per share. The business’s revenue was up 37.7% compared to the same quarter last year. equities research analysts forecast that Willbros Group will post -0.87 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC purchased a new stake in shares of Willbros Group during the third quarter worth about $919,000. California Public Employees Retirement System boosted its position in shares of Willbros Group by 19.0% in the third quarter. California Public Employees Retirement System now owns 465,956 shares of the oil and gas company’s stock worth $1,500,000 after acquiring an additional 74,556 shares during the last quarter. 22NW LP acquired a new stake in shares of Willbros Group in the third quarter worth approximately $647,000. Royce & Associates LP boosted its position in shares of 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 acquiring an additional 245,000 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Willbros Group in the third quarter worth approximately $195,000. Institutional investors and hedge funds own 65.59% of the company’s stock.

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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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