Willbros Group, Inc. (NYSE:WG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, October 18th.
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. “
Several other research firms also recently issued reports on WG. ValuEngine upgraded shares of Willbros Group from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Credit Suisse Group upped their price objective on shares of Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a report on Wednesday, August 16th.
Willbros Group (WG) traded up $0.01 on Wednesday, hitting $2.98. 117,532 shares of the stock traded hands, compared to its average volume of 119,258. Willbros Group has a 12-month low of $1.49 and a 12-month high of $3.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 1.60.
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A number of large investors have recently modified their holdings of WG. Bank of New York Mellon Corp increased its holdings in Willbros Group by 4.1% in the 1st 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. TIAA CREF Investment Management LLC increased its holdings in Willbros Group by 72.6% in the 1st 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. California Public Employees Retirement System increased its holdings in Willbros Group by 13.9% in the 1st quarter. California Public Employees Retirement System now owns 403,100 shares of the oil and gas company’s stock worth $1,104,000 after buying an additional 49,200 shares during the period. Royce & Associates LP increased its holdings in Willbros Group by 9.9% in the 1st quarter. Royce & Associates LP now owns 1,632,409 shares of the oil and gas company’s stock worth $4,473,000 after buying an additional 147,500 shares during the period. Finally, Menta Capital LLC increased its holdings in Willbros Group by 44.5% in the 1st quarter. Menta Capital LLC now owns 126,584 shares of the oil and gas company’s stock worth $347,000 after buying an additional 38,966 shares during the period. Institutional investors own 57.23% of the company’s stock.
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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