Willbros Group Inc to Post FY2017 Earnings of ($0.87) Per Share, KeyCorp Forecasts (NYSE:WG)

Willbros Group Inc (NYSE:WG) – Equities research analysts at KeyCorp reduced their FY2017 earnings per share estimates for shares of Willbros Group in a research report issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Afzal now anticipates that the oil and gas company will earn ($0.87) per share for the year, down from their previous estimate of ($0.11). KeyCorp also issued estimates for Willbros Group’s Q4 2017 earnings at ($0.08) EPS and FY2018 earnings at $0.05 EPS.

Willbros Group (NYSE:WG) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.49). Willbros Group had a negative net margin of 8.45% and a negative return on equity of 54.91%. The business had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $246.20 million. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s quarterly revenue was up 37.7% compared to the same quarter last year.

A number of other research firms have also recently commented on WG. Zacks Investment Research cut Willbros Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 9th. ValuEngine upgraded Willbros Group from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group increased their price target on Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research note on Wednesday, August 16th.

Shares of Willbros Group (WG) opened at $1.22 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.29. Willbros Group has a 12 month low of $1.11 and a 12 month high of $3.84.

Several large investors have recently made changes to their positions in the company. Algert Global LLC purchased a new position in shares of Willbros Group in the third quarter worth about $919,000. California Public Employees Retirement System raised its stake in shares of Willbros Group by 19.0% in the third quarter. California Public Employees Retirement System now owns 465,956 shares of the oil and gas company’s stock worth $1,500,000 after purchasing an additional 74,556 shares during the last quarter. 22NW LP purchased a new position in shares of Willbros Group in the third quarter worth about $647,000. Royce & Associates LP raised its stake in shares of Willbros Group by 14.1% in the third quarter. Royce & Associates LP now owns 1,982,409 shares of the oil and gas company’s stock worth $6,383,000 after purchasing an additional 245,000 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in shares of Willbros Group in the third quarter worth about $195,000. Hedge funds and other institutional investors own 65.59% of the company’s stock.

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About Willbros Group

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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