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. “
Other analysts also recently issued reports about the stock. Morgan Stanley raised shares of Willbros Group to an equal weight rating in a report on Friday, June 24th. Credit Suisse Group AG reissued a sell rating and issued a $1.40 price target on shares of Willbros Group in a report on Tuesday, August 2nd.
Willbros Group (NYSE:WG) opened at 1.90 on Tuesday. The firm’s 50-day moving average is $1.90 and its 200-day moving average is $2.37. Willbros Group has a 1-year low of $1.11 and a 1-year high of $3.43. The firm has a market capitalization of $118.97 million, a price-to-earnings ratio of 2.99 and a beta of 2.18.
Willbros Group (NYSE:WG) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The business earned $193.44 million during the quarter, compared to the consensus estimate of $208.83 million. Willbros Group had a net margin of 4.40% and a negative return on equity of 26.76%. Willbros Group’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) EPS. On average, equities analysts anticipate that Willbros Group will post ($0.42) EPS for the current year.
A number of hedge funds have recently modified their holdings of WG. Rhumbline Advisers bought a new stake in shares of Willbros Group during the second quarter worth $124,000. Nationwide Fund Advisors increased its stake in shares of Willbros Group by 566.9% in the second quarter. Nationwide Fund Advisors now owns 53,471 shares of the company’s stock worth $135,000 after buying an additional 45,453 shares during the period. Teachers Advisors Inc. bought a new stake in shares of Willbros Group during the second quarter worth $168,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Willbros Group during the second quarter worth $176,000. Finally, Acadian Asset Management LLC increased its stake in shares of Willbros Group by 1,353.4% in the second quarter. Acadian Asset Management LLC now owns 74,487 shares of the company’s stock worth $187,000 after buying an additional 69,362 shares during the period. 60.89% of the stock is owned by hedge funds and other institutional investors.
Willbros Group Company Profile
Willbros Group, Inc (Willbros) is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. The Company’s offerings include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada.
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