Zacks Investment Research lowered shares of Willbros Group, Inc. (NYSE:WG) from a buy rating to a hold rating in a report issued on Saturday 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. “
A number of other analysts have also recently issued reports on WG. ValuEngine cut shares of Willbros Group from a hold rating to a sell rating in a research note on Thursday, August 17th. Credit Suisse Group increased their price objective 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 2.60 on Friday. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84. The stock’s 50 day moving average is $2.21 and its 200-day moving average is $2.47. The stock’s market capitalization is $164.59 million.
Willbros Group (NYSE:WG) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $227.40 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities research analysts anticipate that Willbros Group will post ($0.23) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Willbros Group by 10.1% in the second quarter. Rhumbline Advisers now owns 49,560 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 4,550 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Willbros Group by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 172,234 shares of the oil and gas company’s stock worth $472,000 after purchasing an additional 6,800 shares in the last quarter. Menta Capital LLC increased its stake in shares of Willbros Group by 5.8% in the second quarter. Menta Capital LLC now owns 133,984 shares of the oil and gas company’s stock worth $331,000 after purchasing an additional 7,400 shares in the last quarter. Strs Ohio increased its stake in shares of Willbros Group by 4.1% in the first quarter. Strs Ohio now owns 222,300 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its stake in shares of Willbros Group by 11.0% in the first quarter. Cutter & CO Brokerage Inc. now owns 101,000 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 10,000 shares in the last quarter. 58.66% of the stock is owned by hedge funds and other 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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