Willbros Group Inc (NYSE:WG) dropped 7.7% on Thursday . The company traded as low as $1.31 and last traded at $1.32. Approximately 925,660 shares traded hands during mid-day trading, an increase of 257% from the average daily volume of 259,365 shares. The stock had previously closed at $1.43.

A number of equities research analysts have issued reports on WG shares. Credit Suisse Group upped their price objective on shares of Willbros Group from $1.25 to $1.35 and gave the stock an “underperformer” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Willbros Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Willbros Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.29 and a current ratio of 1.30.

Willbros Group (NYSE:WG) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). Willbros Group had a negative return on equity of 54.91% and a negative net margin of 8.45%. The firm had revenue of $240.77 million during the quarter, compared to the consensus estimate of $246.20 million. During the same period in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. sell-side analysts predict that Willbros Group Inc will post -0.87 EPS for the current year.

A number of hedge funds have recently modified their holdings of WG. First Quadrant L P CA bought a new stake in Willbros Group in the 3rd quarter worth about $111,000. Rhumbline Advisers grew its position in shares of Willbros Group by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 49,560 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 4,550 shares during the period. OxFORD Asset Management LLP bought a new position in shares of Willbros Group during the 3rd quarter valued at approximately $195,000. Macquarie Group Ltd. bought a new position in shares of Willbros Group during the 3rd quarter valued at approximately $207,000. Finally, JPMorgan Chase & Co. grew its position in shares of Willbros Group by 1,571.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,580 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 62,597 shares during the period. 65.59% of the stock is owned by institutional investors and hedge funds.

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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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