WBI (NYSE:WBI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of WBI (NYSE:WBI) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.20.

A number of analysts have recently weighed in on WBI shares. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays raised their price target on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. The Goldman Sachs Group boosted their price target on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price objective on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th.

Insider Activity at WBI

In other WBI news, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $52,742,978.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the completion of the transaction, the insider owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,439,652 shares of company stock worth $584,161,543. Corporate insiders own 50.61% of the company’s stock.

WBI Trading Up 0.8%

Shares of WBI stock opened at $34.82 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.30 billion and a PE ratio of 139.27. The company has a 50 day moving average of $31.12. WBI has a 1 year low of $18.64 and a 1 year high of $36.37.

WBI (NYSE:WBI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $200.98 million for the quarter. Analysts forecast that WBI will post 0.37 EPS for the current year.

WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, June 4th. WBI’s dividend payout ratio is currently 80.00%.

About WBI

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.