Willbros Group Inc (NYSE:WG) shares were up 8.3% during trading on Thursday . The company traded as high as $0.26 and last traded at $0.22. Approximately 1,405,282 shares changed hands during trading, an increase of 92% from the average daily volume of 730,995 shares. The stock had previously closed at $0.24.
Separately, Zacks Investment Research downgraded shares of Willbros Group from a “hold” rating to a “strong sell” rating in a research report on Friday, December 1st.
The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.29.
Hedge funds and other institutional investors have recently bought and sold shares of the business. OxFORD Asset Management LLP purchased a new position in Willbros Group during the 3rd quarter valued at about $195,000. Macquarie Group Ltd. purchased a new position in Willbros Group during the 3rd quarter valued at about $207,000. JPMorgan Chase & Co. increased its position in Willbros Group by 1,571.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,580 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 62,597 shares during the period. Virtu Financial LLC increased its position in Willbros Group by 292.1% during the 4th quarter. Virtu Financial LLC now owns 133,705 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 99,609 shares during the period. Finally, 22NW LP purchased a new position in Willbros Group during the 3rd quarter valued at about $647,000. 59.44% of the stock is currently owned by institutional investors and hedge funds.
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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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