WBI (NYSE:WBI) Stock Has Average Price Target of $36.71 According to Analysts

WBI (NYSE:WBI – Get Free Report) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.71.

Several research firms have weighed in on WBI. Barclays lifted their price objective on WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company raised their target price on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Morgan Stanley increased their price objective on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. initiated coverage on WBI in a research report on Tuesday, August 18th. They set an “overweight” rating and a $38.00 price objective for the company.

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WBI Trading Down 0.4%

NYSE:WBI opened at $29.82 on Wednesday. The company has a 50-day moving average price of $32.28 and a 200-day moving average price of $30.22. WBI has a 12 month low of $18.64 and a 12 month high of $36.89. 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 stock has a market cap of $3.68 billion and a price-to-earnings ratio of 372.76.

WBI (NYSE:WBI – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share 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. Equities analysts predict that WBI will post 0.31 EPS for the current year.

WBI Announces Dividend

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

WBI Company Profile

(Get Free Report)

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.

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