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Last $2.59 USD
Change Today +0.10 / 4.02%
Volume 638.6K
WG On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

willbros group inc (WG) Snapshot

Open
$2.49
Previous Close
$2.49
Day High
$2.61
Day Low
$2.49
52 Week High
06/16/14 - $13.69
52 Week Low
03/18/15 - $1.50
Market Cap
159.1M
Average Volume 10 Days
750.2K
EPS TTM
$-0.37
Shares Outstanding
61.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WILLBROS GROUP INC (WG)

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willbros group inc (WG) Details

Willbros Group, Inc., together with its subsidiaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally. It provides engineering, procurement, and construction (EPC); and turnarounds, maintenance, facilities development, and operations services. The company operates through four segments: Oil & Gas, Professional Services, Utility T&D, and Canada. The Oil & Gas segment offers construction, project management, maintenance, and lifecycle extension services to the upstream, midstream, and downstream markets. This segment’s activities include the execution of pipeline projects ranging from gathering and processing systems to oil and gas drilling activity; construction of pipelines to connect these resources to end-markets; and provision of integrated specialty construction, turnaround, repair, and maintenance services to integrated oil companies, independent refineries, product terminals, and petrochemical companies. The Professional Services segment provides engineering, procurement, EPC, project management, integrity, and field services to the oil and gas and electric utility industries. The Utility T&D segment provides a range of services in electric and natural gas transmission and distribution, including maintenance and construction, repair, and restoration of utility infrastructure. The company’s Canada segment offers construction, maintenance, and fabrication for piping projects consisting of integrity and supporting civil work, general mechanical and facility construction, American Petroleum Institute storage tanks, general and modular fabrication, and electrical and instrumentation projects in the Canadian energy industry. Willbros Group, Inc. was founded in 1908 and is headquartered in Houston, Texas.

7,959 Employees
Last Reported Date: 03/31/15
Founded in 1908

willbros group inc (WG) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $209.0K
President and Chief Operating Officer
Total Annual Compensation: $412.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $461.9K
Executive Vice President and President of Eng...
Total Annual Compensation: $412.5K
Executive Vice President and Product Line Exe...
Total Annual Compensation: $412.7K
Compensation as of Fiscal Year 2014.

willbros group inc (WG) Key Developments

Willbros Group Inc. Proposes the Amendment to its Certificate of Incorporation

Willbros Group Inc. at its annual general meeting to be held on June 9, 2015, proposed the amendment to Certificate of Incorporation to increase the number of authorized shares of common stock from 70,000,000 shares to 105,000,000 shares.

Willbros Group Inc. Elects Phil D. Wedemeyer to Board of Directors

Willbros Group Inc. announced that its Board of Directors elected Phil D. Wedemeyer to the Willbros Board on April 17, 2015. Mr. Wedemeyer retired as a partner from Grant Thornton LLP.

Willbros Group, Inc. Enters into First Amendment to the Credit Agreement

On March 31, 2015, Willbros Group Inc. entered into the first amendment to the credit agreement, by and among the company, as borrower, certain subsidiary guarantors party thereto, the lenders party thereto (the lenders), KKR Credit Advisors (US) LLC, as arranger, and JPMorgan Chase Bank, N.A., as administrative agent, which amends the company's term credit agreement dated as of December 15, 2014 (the term credit agreement). The first amendment, among other things, suspends compliance with the maximum total leverage ratio and the minimum interest coverage ratio covenants for the calculation periods ending December 31, 2014 through March 31, 2016 (the covenant suspension period) and provides that any failure by the Company to comply with such financial covenants during the covenant suspension period will not be deemed to result in a default or event of default under the term credit agreement. Pursuant to the first amendment, the lenders holding more than 50% of the sum of the aggregate principal amount of the loans outstanding under the term credit agreement (the majority lenders) may designate one representative (an observer) reasonably acceptable to the nominating/corporate governance committee of the board of directors of the company (the board) to attend and observe (but not vote) at all meetings of the board and any committee thereof. Additionally, upon prior written notice from the majority lenders to the company and the board, the company is required to take all appropriate action under the company's organizational documents to expand the board by one board seat (unless there is an existing vacancy on the board), and to fill such new seat or existing vacancy with a designee nominated by the majority lenders who is reasonably acceptable to the nominating/corporate governance committee of the board (the lender designee). If the majority lenders designate a lender designee, the majority lenders' right to designate an observer ceases while any such lender designee is serving as a member of the board. The first amendment also increased the basket in the term credit agreement for incurrence of permitted ABL debt from $150 million to $200 million, of which not more than $25 million may be incurred at subsidiaries that are not guarantors under the term credit agreement.

 

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Industry Analysis

WG

Industry Average

Valuation WG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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