Willbros Group, Inc. (NYSE:WG) announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02, Briefing.com reports. The firm had revenue of $227.40 million for 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 business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS.
Shares of Willbros Group (NYSE:WG) opened at 2.19 on Friday. The company has a 50-day moving average of $2.22 and a 200-day moving average of $2.56. The stock’s market capitalization is $138.63 million. Willbros Group has a 52-week low of $1.42 and a 52-week high of $3.84.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Willbros Group by 6.4% in the second quarter. State Street Corp now owns 585,889 shares of the oil and gas company’s stock valued at $1,447,000 after buying an additional 35,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Willbros Group by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,455,337 shares of the oil and gas company’s stock valued at $6,065,000 after buying an additional 191,019 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Willbros Group by 13.6% in the second quarter. Vanguard Group Inc. now owns 1,746,918 shares of the oil and gas company’s stock valued at $4,315,000 after buying an additional 209,441 shares during the last quarter. Northern Trust Corp boosted its position in shares of Willbros Group by 4.0% in the second quarter. Northern Trust Corp now owns 499,507 shares of the oil and gas company’s stock valued at $1,234,000 after buying an additional 19,269 shares during the last quarter. Finally, Menta Capital LLC boosted its position in shares of Willbros Group by 5.8% in the second quarter. Menta Capital LLC now owns 133,984 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 57.63% of the company’s stock.
WG has been the topic of several recent research reports. Zacks Investment Research cut shares of Willbros Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. ValuEngine upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group upped their target price on shares of Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research report on Wednesday.
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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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