Market Overview

UPDATE: Stifel Nicolaus Raises PT to $7 on Willbros Group Following Sale of Oman Interests

Related WG
Earnings Scheduled For July 29, 2016
Benzinga's Top Upgrades

Stifel Nicolaus reiterated its Buy rating on Willbros Group (NYSE: WG) and raised the price target from $6 to $7.

Stifel Nicolaus said, "Willbros (WG) group filed an 8k on January 10th, detailing the sale of its interests in Oman. WG sold its interest for $41.3 million, which will net WG over $36 million after transaction related costs. We estimate that the sale price represents ~5.0-5.5x TTM EBITDA for the operations. We view the transaction multiple as reasonable, for what was one of WG's more profitable operations. We support the decision to sell in light of more pressing liquidity needs and the non-core aspect of WG's Oman operations."

Willbros Group closed at $5.68 on Thursday.

Latest Ratings for WG

Jun 2016Morgan StanleyUpgradesEqual-Weight
Mar 2016Avondale PartnersMaintainsMarket Perform
Jun 2015DA DavidsonMaintainsNeutral

View More Analyst Ratings for WG
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (WG)

View Comments and Join the Discussion!