Willbros Group, Inc. (WG) Stock Rating Lowered by ValuEngine
Willbros Group, Inc. (NYSE:WG) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
A number of other analysts have also weighed in on WG. Zacks Investment Research upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group raised their price objective 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.
Shares of Willbros Group (WG) opened at $1.47 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.60. Willbros Group has a 1-year low of $1.45 and a 1-year 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 Zacks’ consensus estimate of ($0.03) by ($0.49). The firm had revenue of $240.77 million for the quarter, compared to analysts’ expectations of $246.20 million. Willbros Group had a negative return on equity of 31.89% and a negative net margin of 6.17%. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) earnings per share. sell-side analysts forecast that Willbros Group will post -0.11 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Prescott Group Capital Management L.L.C. purchased a new stake in Willbros Group in the second quarter worth about $513,000. TIAA CREF Investment Management LLC lifted its holdings in Willbros Group by 72.6% in the first quarter. TIAA CREF Investment Management LLC now owns 295,575 shares of the oil and gas company’s stock worth $810,000 after buying an additional 124,316 shares during the period. Heartland Advisors Inc. lifted its holdings in Willbros Group by 2.3% in the second quarter. Heartland Advisors Inc. now owns 4,400,443 shares of the oil and gas company’s stock worth $10,869,000 after buying an additional 99,233 shares during the period. Royce & Associates LP lifted its holdings in Willbros Group by 6.4% in the second quarter. Royce & Associates LP now owns 1,737,409 shares of the oil and gas company’s stock worth $4,291,000 after buying an additional 105,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 worth $472,000 after buying an additional 6,800 shares during the period. Institutional investors and hedge funds own 57.23% 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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