Willbros Group, Inc. (NYSE:WG) had its price objective increased by Credit Suisse Group from $1.25 to $1.35 in a research note issued to investors on Wednesday. The firm presently has an “underperformer” rating on the oil and gas company’s stock. Credit Suisse Group’s price objective points to a potential downside of 37.50% from the stock’s current price.
WG has been the topic of several other reports. Zacks Investment Research upgraded Willbros Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine upgraded Willbros Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.
Shares of Willbros Group (NYSE:WG) opened at 2.16 on Wednesday. The stock’s market cap is $136.73 million. The company has a 50-day moving average of $2.23 and a 200 day moving average of $2.57. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84.
Willbros Group (NYSE:WG) last released its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Willbros Group had a negative net margin of 6.17% and a negative return on equity of 31.89%. The business had revenue of $227.40 million during the quarter, compared to the consensus estimate of $193.61 million. During the same quarter last year, the company earned ($0.09) earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts forecast that Willbros Group will post ($0.23) EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position 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 valued at $122,000 after buying an additional 4,550 shares during the period. Cutter & CO Brokerage Inc. boosted its position 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 valued at $277,000 after buying an additional 10,000 shares during the period. Menta Capital LLC boosted its position 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 valued at $331,000 after buying an additional 7,400 shares during the period. Acadian Asset Management LLC boosted its position in shares of Willbros Group by 750.6% in the first quarter. Acadian Asset Management LLC now owns 121,974 shares of the oil and gas company’s stock valued at $335,000 after buying an additional 107,634 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Willbros Group by 111.4% in the fourth quarter. Teachers Advisors LLC now owns 124,138 shares of the oil and gas company’s stock valued at $402,000 after buying an additional 65,425 shares during the period. Hedge funds and other institutional investors own 57.63% of the company’s stock.
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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