WBI (NYSE:WBI) Receives Average Rating of “Moderate Buy” from Analysts

WBI (NYSE:WBI) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.7143.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. started coverage on shares of WBI in a research report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. The Goldman Sachs Group upped their price objective on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $40.00 price objective on shares of WBI in a research report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th.

WBI Stock Performance

Shares of WBI stock opened at $31.61 on Friday. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The business’s fifty day simple moving average is $32.75 and its 200-day simple moving average is $29.33. The firm has a market cap of $3.90 billion and a PE ratio of 395.12. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.88.

WBI (NYSE:WBI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share 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%. Equities analysts forecast that WBI will post 0.45 earnings per share for the current year.

WBI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. WBI’s dividend payout ratio is 250.00%.

Insider Transactions at WBI

In related news, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $177,139,521.30. Following the sale, the director owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $52,742,978.70. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 19,439,652 shares of company stock valued at $584,161,543. Corporate insiders own 50.61% of the company’s stock.

About WBI

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.