WBI (NYSE:WBI) Shares Up 3.8% - Here's What Happened

Key Points

• WBI shares rose 3.8% to approximately $29.96, although trading volume was 87% below the stock’s average daily volume.
• Analyst sentiment is generally positive: WBI has a “Moderate Buy” consensus rating and an average price target of $36.71, above its recent trading price.
• The company reported quarterly EPS of $0.10 on revenue of $217.77 million and paid a $0.05 quarterly dividend, equating to a 0.7% yield.

Shares of WBI (NYSE:WBI - Get Free Report) rose 3.8% during trading on Thursday . The company traded as high as $29.97 and last traded at $29.9610. Approximately 118,184 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 902,793 shares. The stock had previously closed at $28.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of WBI from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Wells Fargo & Company lifted their target price on shares of WBI from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, August 14th. Morgan Stanley boosted their target price on shares of WBI from $38.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. The Goldman Sachs Group increased their price target on WBI from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded WBI from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.71.

WBI Stock Up 3.2%

The company's fifty day moving average is $32.48 and its 200-day moving average is $30.19. The company has a market capitalization of $3.68 billion and a PE ratio of 371.69. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54.

WBI (NYSE:WBI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $217.77 million for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. As a group, analysts predict that WBI will post 0.31 EPS for the current fiscal year.

WBI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. WBI's dividend payout ratio (DPR) is presently 250.00%.

WBI Company Profile

WBI Holdings, Inc was a holding company associated with businesses in the natural gas industry. Through its subsidiaries, the company was involved primarily in the transmission, storage and related transportation of natural gas.

Its operations served energy markets in the northern United States, including areas connected to the Williston Basin and surrounding states. The company's activities supported the movement of natural gas from production regions to utilities, industrial customers and other end users.

Publicly available information about WBI Holdings, Inc's current operating status, leadership and corporate structure is limited, and the company is not generally identified as an active operating company under the NYSE:WBI symbol.

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