Willbros Group, Inc. (NYSE:WG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $2.50 price target on the oil and gas company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.61% from the company’s current price.

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. “

Several other equities research analysts have also recently weighed in on WG. ValuEngine upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group raised their price objective on shares of Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research report on Wednesday, August 16th.

Shares of Willbros Group (WG) opened at 2.24 on Friday. The firm’s market capitalization is $141.80 million. Willbros Group has a 52 week low of $1.42 and a 52 week high of $3.84. The stock has a 50 day moving average of $2.15 and a 200-day moving average of $2.50.

Willbros Group (NYSE:WG) last posted its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share for the quarter, beating the 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. Analysts expect that Willbros Group will post ($0.23) earnings per share for the current year.

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A number of large investors have recently bought and sold shares of WG. State Street Corp boosted its stake in Willbros Group by 4.4% in the fourth quarter. State Street Corp now owns 597,803 shares of the oil and gas company’s stock valued at $1,938,000 after buying an additional 25,017 shares during the last quarter. Teachers Advisors LLC boosted its stake in 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 last quarter. Acadian Asset Management LLC boosted its stake in 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 last quarter. Strs Ohio boosted its stake in Willbros Group by 4.1% in the first quarter. Strs Ohio now owns 222,300 shares of the oil and gas company’s stock valued at $609,000 after buying an additional 8,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 valued at $472,000 after buying an additional 6,800 shares during the last quarter. Hedge funds and other institutional investors own 58.66% of the company’s stock.

About Willbros Group

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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