Equities research analysts forecast that Weatherford International plc (NYSE:WFT) will report earnings of ($0.12) per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Weatherford International’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.09). Weatherford International reported earnings of ($0.22) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.5%. The company is expected to report its next quarterly earnings report before the market opens on Monday, October 29th.

On average, analysts expect that Weatherford International will report full-year earnings of ($0.56) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.51). For the next year, analysts expect that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.36) to $0.10. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Weatherford International.

Weatherford International (NYSE:WFT) last announced its earnings results on Friday, July 27th. The oil and gas company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Weatherford International had a negative net margin of 46.44% and a negative return on equity of 283.53%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share.

A number of equities analysts have issued reports on WFT shares. ValuEngine cut Weatherford International from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Tudor Pickering upgraded Weatherford International from a “sell” rating to a “buy” rating in a report on Monday, August 20th. Zacks Investment Research upgraded Weatherford International from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $4.00 price objective on Weatherford International and gave the company a “hold” rating in a report on Monday, July 30th. Finally, Stifel Nicolaus initiated coverage on Weatherford International in a report on Monday, September 10th. They issued a “hold” rating and a $3.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $4.51.

NYSE:WFT traded up $0.05 during midday trading on Friday, reaching $2.78. 272,810 shares of the company traded hands, compared to its average volume of 20,399,980. Weatherford International has a twelve month low of $2.07 and a twelve month high of $4.72. The firm has a market capitalization of $2.68 billion, a P/E ratio of -2.38 and a beta of 2.41. The company has a debt-to-equity ratio of -5.82, a current ratio of 1.68 and a quick ratio of 1.16.

In other Weatherford International news, Director Angela A. Minas bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was bought at an average cost of $2.45 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director now owns 102,711 shares of the company’s stock, valued at approximately $251,641.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Macaulay sold 767,591 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $2.86, for a total transaction of $2,195,310.26. Following the completion of the transaction, the director now owns 399,443 shares of the company’s stock, valued at $1,142,406.98. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of WFT. Swiss National Bank boosted its position in shares of Weatherford International by 2.2% in the first quarter. Swiss National Bank now owns 1,722,500 shares of the oil and gas company’s stock worth $3,945,000 after purchasing an additional 37,900 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Weatherford International by 11.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,638,757 shares of the oil and gas company’s stock worth $10,623,000 after purchasing an additional 489,787 shares during the period. Aperio Group LLC boosted its position in shares of Weatherford International by 33.9% in the first quarter. Aperio Group LLC now owns 226,501 shares of the oil and gas company’s stock worth $519,000 after purchasing an additional 57,368 shares during the period. KBC Group NV boosted its position in shares of Weatherford International by 52.4% in the first quarter. KBC Group NV now owns 114,127 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 39,220 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Weatherford International by 3.3% in the first quarter. Northern Trust Corp now owns 4,817,117 shares of the oil and gas company’s stock worth $11,032,000 after purchasing an additional 152,302 shares during the period.

Weatherford International Company Profile

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

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Earnings History and Estimates for Weatherford International (NYSE:WFT)

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