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WG $0.16

WG target price
0.15
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0
Willbros Group, Inc.
Type
Public
Traded as NYSE: WG
Industry Construction
Founded 1908 (1908)
Founder William Brothers Company
Headquarters Five Post Oak Park
Houston, Texas
, United States
Services Energy infrastructure services. Electric services include high voltage power lines, substations. Oil & Gas services include pipeline, pipeline integrity, and facility construction.
Number of employees
10,000
Website www.willbros.com

Willbros Group, Inc. is a global engineering and contractor company based in Houston, Texas, United States. It is listed in the New York Stock Exchange. The company operates in the field of energy infrastructure services. Willbros provides engineering, procurement and construction, such as refinery turnarounds, pipeline construction, pipeline integrity management, GIS consulting and other specialty services.

Willbros was founded by William Brothers Company in 1908. It is organized under laws of Panama. It was reorganized as a public company in 1996. Originally, it was headquartered in Tulsa, Oklahoma. However, in 2000 it moved its administrative headquarters to Houston, Texas. In 2006, Willbros discontinued its operations in Nigeria and Venezuela, although in 2004, Nigeria accounted about 25% of company's global revenue. This decision was due to political instability and the militant attacks in Nigeria. Before making this decision, nine Willbros' workers were taken hostage by Nigerian militants.

On February 28, 2005, Willbros Group Inc., said that it was restating financial reports from 2002 on and forecast 2005 earnings far below Wall Street estimates. The adjustments would lower 2002 profit by $900,000, widen the 2003 loss by $2.6 million.

On 14 May 2008, the United States Securities and Exchange Commission filed a suit against Willbros Group and its former managers due to multiple violations of the Foreign Corrupt Practices Act in Nigeria, Ecuador and Bolivia in 2003–2005. Willbros agreed to pay US$32.3 million in penalties while two of its former managers were sentenced to more than a year in prison.

In 2010, Willbros expanded its activities from the oil and gas industry services to the electric transmission and distribution market by the acquisition of InfrastruX Group for about $480 million.

In September 2011, Standard & Poor's lowered Willbros Group's credit ratings to B+ with a negative outlook.

In November 2015, it was announced Michael Fournier was named Chief Executive Officer. Fournier was the Chief Operating Officer before being appointed to this post.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-24 Upgrade Morgan Stanley Equal Weight
2016-06-05 Reiterated Rating Credit Suisse Sell $1.90
2016-06-05 Reiterated Rating Credit Suisse Group AG Sell $1.90
2016-03-28 Reiterated Rating Credit Suisse Underperform $1.90
2016-03-14 Lower Price Target Credit Suisse Underperform $2.50 to $1.90
2016-03-11 Lower Price Target Avondale Partners Market Perform $2.50 to $2.25
2015-08-10 Lower Price Target DA Davidson Neutral $2.00 to $1.00
2015-06-12 Reiterated Rating DA Davidson Neutral $2.75 to $2.00
2015-05-06 Upgrade DA Davidson Underperform to Neutral
2015-03-18 Downgrade DA Davidson Neutral to Underperform $6.50 to $3.00
2015-02-18 Downgrade Avondale Partners Outperform to Market Perform $7.00
2015-02-09 Boost Price Target DA Davidson Neutral $5.00 to $6.50
2015-01-05 Downgrade Stifel Nicolaus Buy to Hold $6.50
2014-10-23 Reiterated Rating Stifel Nicolaus Buy $13.00 to $7.00
2014-10-22 Downgrade Johnson Rice Overweight to Equal Weight
2014-10-02 Initiated Coverage Global Hunter Securities Positive to Neutral $9.00
2014-10-02 Initiated Coverage Seaport Global Securities Positive to Neutral $9.00
2014-05-09 Reiterated Rating Stifel Nicolaus Buy $13.50 to $13.00
2014-04-11 Reiterated Rating DA Davidson Neutral $11.00 to $12.00
2014-04-10 Reiterated Rating Credit Agricole Outperform $14.00
2014-03-03 Boost Price Target DA Davidson $9.00 to $11.00
2009-12-23 Initiated C.K. Cooper Buy $30
2009-11-11 Initiated Broadpoint AmTech Research Buy $24
2009-11-06 Upgrade Jesup & Lamont Hold to Buy $30
2009-11-06 Upgrade CapitalOne southcoast Neutral to Add $15 to $18
2009-10-14 Reiterated Jefferies & Co Buy $17 to $18
2009-08-07 Downgrade Natixis Bleichroeder Buy to Hold
2009-08-07 Downgrade CapitalOne southcoast Add to Neutral $15 to $14
2009-05-07 Downgrade Jesup & Lamont Buy to Hold
2009-04-23 Reiterated Lazard Capital Mkts Buy $11 to $17
2009-02-26 Reiterated Jesup & Lamont Buy $20 to $14
2009-02-06 Reiterated Lazard Capital Buy $21 to $17
2008-12-09 Initiated KeyBanc Capital Mkts Hold
2016-06-24 Upgrade Morgan Stanley Equal Weight
2016-06-05 Reiterated Rating Credit Suisse Sell $1.90
2016-06-05 Reiterated Rating Credit Suisse Group AG Sell $1.90
2016-03-28 Reiterated Rating Credit Suisse Underperform $1.90
2016-03-14 Lower Price Target Credit Suisse Underperform $2.50 to $1.90

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In WG 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
HARL ROBERT R President & CEO 1.70%  (858737) WG /
Welch Van A EVP & CFO 0.85%  (429291) MINI / WG /
Fournier Michael J SVP, Willbros Canada 0.83%  (418858) WG /
MCNABB JOHN T 0.65%  (327005) WG /
Johnny Priest SVP, Utility T&D 0.49%  (249124) WG /
GIBSON JAMES L EVP & COO 0.38%  (193232) WG /
Wiegele Edward J SVP, Professional Svcs 0.36%  (181766) WG /
WILLIAMS S MILLER 0.33%  (165286) WG /
ALLCORN JOHN K Senior Vice President, Sales 0.29%  (149106) WG /
Arbour Peter W SVP & General Counsel 0.23%  (115844) WG /
SLUDER ROBERT L 0.20%  (100968) WG /
Coward Jerrit M Senior Vice President 0.19%  (97612) WG /
New HARRY W SVP, Oil & Gas 0.17%  (84868) WG /
DIPAOLO E J JED 0.17%  (84753) WG /
WEDEMEYER PHIL D 0.15%  (76598) ATW / ESV / WG /
BERRY WILLIAM B 0.13%  (66179) ACMP / CLR / FI / OII / WG /
Stanford Geoffrey C VP & Chief Accounting Officer 0.13%  (64644) WG /
Freeman Linnie A SVP, General Counsel 0.12%  (63109) WG /
Collins Earl R SVP, Oil & Gas 0.12%  (61810) WG /
Jack Andrew SVP, Canada 0.12%  (60675) WG /
Kinch Jeremy SVP 0.10%  (49480) WG /
Gates W. Gary 0.08%  (38226) WG /
Kappel Jeffrey B SVP & CFO 0.04%  (19087) WG /
Luz S. Brett VP & CAO 0.04%  (17788) WG /
Jenkins Charles W III 0.03%  (15313) WG /
INFRASTRUX HOLDINGS, LLC 0.03%  (13063) WG /
Fleury Kevin Senior Vice President 0.01%  (5223) WG /