Piper Sandler Reaffirms Overweight Rating for WBI (NYSE:WBI)

WBI (NYSE:WBI)‘s stock had its “overweight” rating reaffirmed by research analysts at Piper Sandler in a research note issued on Monday, Benzinga reports. They currently have a $37.00 target price on the stock. Piper Sandler’s price objective suggests a potential upside of 25.40% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. initiated coverage on shares of WBI in a report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Raymond James Financial reissued a “strong-buy” rating and set a $40.00 price target on shares of WBI in a report on Tuesday, August 18th. Finally, Barclays raised their price objective on shares of WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WBI currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

WBI Stock Performance

Shares of NYSE:WBI traded down $0.29 on Monday, reaching $29.50. The company’s stock had a trading volume of 87,994 shares, compared to its average volume of 899,834. WBI has a 52-week low of $18.64 and a 52-week high of $36.89. The stock has a market capitalization of $3.64 billion and a P/E ratio of 367.74. The stock’s 50-day moving average is $32.28 and its two-hundred day moving average is $30.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54.

WBI (NYSE:WBI) last announced its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%.The company had revenue of $217.77 million for the quarter. As a group, sell-side analysts forecast that WBI will post 0.31 EPS for the current year.

About WBI

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.