Stock Worth Watching: A Reversal for Willbros Group Inc Is Not Near. The Stock Rises Again

Stock Worth Watching: A Reversal for Willbros Group Inc Is Not Near. The Stock Rises Again

The stock of Willbros Group Inc (NYSE:WG) is a huge mover today! About 188,225 shares traded hands or 0.22% up from the average. Willbros Group Inc (NYSE:WG) has declined 20.82% since April 27, 2016 and is downtrending. It has underperformed by 26.05% the S&P500.
The move comes after 6 months positive chart setup for the $162.09M company. It was reported on Nov, 30 by Barchart.com. We have $2.76 PT which if reached, will make NYSE:WG worth $6.48 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. Willbros Group has been the topic of 4 analyst reports since July 2, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, July 2 by UBS. As per Friday, March 11, the company rating was maintained by Avondale. 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.

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 2016 Q2. Its down 2.47, from 3.33 in 2016Q1. The ratio turned negative, 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, Tfs Capital Limited has 0.19% invested in Willbros Group Inc (NYSE:WG) for 399,918 shares. Goldman Sachs Grp has 344,235 shares for 0% of their US portfolio. Netols Asset Management last reported 788,511 shares in the company. Wells Fargo Mn, a California-based fund reported 601 shares. Blackrock Fund Advsr holds 1.12M shares or 0% of its portfolio. Credit Suisse Ag owns 30,121 shares or 0% of their US portfolio. The Massachusetts-based Rhumbline Advisers has invested 0% in Willbros Group Inc (NYSE:WG). Moreover, Citadel Advsr Ltd Limited Liability Company has 0% invested in Willbros Group Inc (NYSE:WG) for 126,666 shares. Auxier Asset Management last reported 0.01% of its portfolio in the stock. Art Advsrs Ltd Co has 90,816 shares for 0.01% of their US portfolio. Moreover, Mariner Wealth Advsr Ltd Liability Corporation has 0.01% invested in Willbros Group Inc (NYSE:WG) for 38,752 shares. Globeflex Capital Lp owns 180 shares or 0% of their US portfolio. Citigroup holds 0% of its portfolio in Willbros Group Inc (NYSE:WG) for 8,990 shares. The California-based First Wilshire Securities Mgmt has invested 0.33% in Willbros Group Inc (NYSE:WG). Gp Incorporated One Trading L P has 0% invested in the company for 651 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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