- Willbros (NYSE:WG) -30.1% premarket after filing to delay submitting its 2014 Form 10-K, saying it does not expect to be in compliance with its maximum leverage and minimum interest coverage ratios.
- WG says it is in discussions with its lenders regarding amendments and waivers to its credit agreements; without modifications, all indebtedness under its credit agreements would become due in the next 12 months.
- DA Davidson downgrades shares to Underperform from Neutral and cuts its stock price target to $3 from $6.50.