Notable Mover: Is Buying Willbros Group Inc Here a Winning Strategy?

Notable Mover: Is Buying Willbros Group Inc Here a Winning Strategy?

The stock of Willbros Group Inc (NYSE:WG) is a huge mover today! The stock increased 12.66% or $0.3 on November 23, hitting $2.67. About 424,829 shares traded hands or 159.74% up from the average. Willbros Group Inc (NYSE:WG) has risen 7.23% since April 22, 2016 and is uptrending. It has outperformed by 1.82% the S&P500.
The move comes after 8 months positive chart setup for the $182.24M company. It was reported on Nov, 24 by Barchart.com. We have $2.88 PT which if reached, will make NYSE:WG worth $14.58 million more.

Analysts await Willbros Group Inc (NYSE:WG) to report earnings on March, 8. They expect $-0.12 EPS, up 45.45% or $0.10 from last year’s $-0.22 per share. After $-0.18 actual EPS reported by Willbros Group Inc for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Willbros Group Inc (NYSE:WG) Ratings Coverage

Out of 4 analysts covering Willbros Group (NYSE:WG), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $2.25 is the highest target while $1.0 is the lowest. The $1.53 average target is -42.70% below today’s ($2.67) stock price. Willbros Group has been the topic of 4 analyst reports since July 2, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded Willbros Group Inc (NYSE:WG) on Friday, June 24 to “Equalweight” rating. The company was maintained on Monday, August 10 by DA Davidson. The stock of Willbros Group Inc (NYSE:WG) earned “Market Perform” rating by Avondale on Friday, March 11. The firm has “Neutral” rating by UBS given on Thursday, July 2.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 2.47, from 3.33 in 2016Q1. The ratio dived, as 5 funds sold all Willbros Group Inc shares owned while 10 reduced positions. 21 funds bought stakes while 29 increased positions. They now own 74.99 million shares or 119.69% more from 34.13 million shares in 2016Q1.
Moreover, Renaissance Ltd Liability Corp has 0% invested in Willbros Group Inc (NYSE:WG) for 811,141 shares. Netols Asset Management Inc holds 0.45% or 788,511 shares in its portfolio. Clarivest Asset Mgmt Lc has 39,095 shares for 0% of their US portfolio. Schneider Mngmt, a Pennsylvania-based fund reported 2.35 million shares. Bridgeway Cap Inc has 0.04% invested in the company for 1.03M shares. Bank & Trust Of America De accumulated 8,120 shares or 0% of the stock. Citigroup Incorporated holds 0% of its portfolio in Willbros Group Inc (NYSE:WG) for 8,990 shares. California Pub Employees Retirement Systems has 0% invested in the company for 353,900 shares. Kohlberg Kravis Roberts & Limited Partnership owns 10.13 million shares or 0.27% of their US portfolio. California State Teachers Retirement System holds 0% of its portfolio in Willbros Group Inc (NYSE:WG) for 90,687 shares. Morgan Stanley accumulated 0% or 181,710 shares. Driehaus Mgmt Lc has 0.01% invested in the company for 59,785 shares. True Bearing Asset Management Ltd Partnership last reported 111,224 shares in the company. Schwab Charles Inv Mngmt accumulated 69,500 shares or 0% of the stock. Springbok Mgmt Lc holds 0% of its portfolio in Willbros Group Inc (NYSE:WG) for 10,400 shares.

Another recent and important Willbros Group Inc (NYSE:WG) news was published by Seekingalpha.com which published an article titled: “Willbros Group, Inc. (WG) CEO Michael Fournier on Q2 2016 Results – Earnings …” on August 01, 2016.

WG Company Profile

Willbros Group, Inc. (Willbros), incorporated on November 10, 2008, 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 Firm operates through three divisions: Oil & Gas, Utility T&D and Canada. The Firm provides services through operating subsidiaries. The Company’s divisions operated primarily in the United States and Canada.

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