WBI (NYSE:WBI) Stock Has Average Target Price of $36.71

WBI (NYSE:WBI) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $36.75.

A number of brokerages recently issued reports on WBI. Piper Sandler initiated coverage on WBI in a research note on Monday. They set an “overweight” rating and a $37.00 price objective for the company. Barclays raised their target price on shares of WBI from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Morgan Stanley lifted their price target on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. The Goldman Sachs Group upped their price target on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th.

WBI Price Performance

Shares of WBI stock opened at $28.41 on Wednesday. The stock has a market cap of $3.51 billion and a P/E ratio of 355.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s fifty day moving average is $32.02 and its 200 day moving average is $30.31. WBI has a one year low of $18.64 and a one year high of $36.89.

WBI (NYSE:WBI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $217.77 million during the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. Sell-side analysts anticipate that WBI will post 0.31 earnings per share for the current year.

WBI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 0.7%. WBI’s dividend payout ratio is currently 250.00%.

About WBI

WBI Holdings, Inc was a holding company associated with businesses in the natural gas industry. Through its subsidiaries, the company was involved primarily in the transmission, storage and related transportation of natural gas.

Its operations served energy markets in the northern United States, including areas connected to the Williston Basin and surrounding states. The company’s activities supported the movement of natural gas from production regions to utilities, industrial customers and other end users.

Publicly available information about WBI Holdings, Inc’s current operating status, leadership and corporate structure is limited, and the company is not generally identified as an active operating company under the NYSE:WBI symbol.