Zacks Investment Research upgraded shares of Willbros Group (NYSE:WG) from a sell rating to a hold rating in a report published on Saturday, March 10th.
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. “
Shares of Willbros Group (NYSE WG) traded up $0.03 during mid-day trading on Friday, reaching $0.86. The company’s stock had a trading volume of 331,883 shares, compared to its average volume of 246,582. Willbros Group has a one year low of $0.80 and a one year high of $3.35. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.29 and a current ratio of 1.30.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Willbros Group by 15.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,826,876 shares of the oil and gas company’s stock worth $9,103,000 after acquiring an additional 371,539 shares during the last quarter. Royce & Associates LP grew 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 acquiring an additional 245,000 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $4,315,000 after acquiring an additional 209,441 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Willbros Group by 173.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,746,200 shares of the oil and gas company’s stock worth $2,480,000 after acquiring an additional 1,107,700 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Willbros Group by 865.4% in the fourth quarter. Deutsche Bank AG now owns 681,072 shares of the oil and gas company’s stock worth $966,000 after acquiring an additional 610,521 shares during the last quarter. Institutional investors and hedge funds own 59.44% 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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