UBS Adjusts PT & Estimates on Willbros Group (WG); Company Continues to Turn Corner

UBS maintains a 'Neutral' on Willbros Group (NYSE: WG) price target raised from $4.25 to $5.50.

Analyst, Steven Fisher, said, "WG Q1 continuing EPS of -$0.48 misses Street of -$0.21 due to taxes...Backlog increased 8% seq driven by Oil & Gas; debt reduction unchanged...Business continues to improve but some work being pushed to the right."

However, Fisher cuts FY12 EPS estimates from $0.35 to $0.05 and FY13 from $0.90 to $0.65.

For an analyst ratings summary and ratings history on Willbros Group click here. For more ratings news on Willbros Group click here.

Shares of Willbros Group closed at $4.98 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wells Fargo Upgrades Neurocrine Bio. (NBIX) to Overweight 'as the Company is Knocking on the Doors of the Large-Cap Club'
• Tesla (TSLA) PT Lowered to $180 at Mizuho
• Pivotal Research Upgrades Sirius XM Radio (SIRI) to Buy, 'Free Cash Flow Acceleration Story'