Weatherford International PLC (NYSE:WFT) – Stock analysts at Capital One Financial Corporation decreased their Q4 2017 EPS estimates for Weatherford International PLC in a report released on Thursday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will post earnings per share of ($0.21) for the quarter, down from their previous forecast of ($0.19). Capital One Financial Corporation also issued estimates for Weatherford International PLC’s Q1 2018 earnings at ($0.13) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.38) EPS.

Weatherford International PLC (NYSE:WFT) last posted its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/capital-one-financial-corporation-brokers-reduce-earnings-estimates-for-weatherford-international-plc-wft/1636402.html.

Several other equities research analysts have also issued reports on WFT. BidaskClub lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada set a $8.00 price target on shares of Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated a “buy” rating and issued a $5.50 price target on shares of Weatherford International PLC in a research note on Friday. Zacks Investment Research upgraded shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG began coverage on shares of Weatherford International PLC in a research note on Tuesday, October 10th. They issued a “buy” rating and a $6.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Weatherford International PLC has a consensus rating of “Buy” and a consensus target price of $6.18.

Weatherford International PLC (WFT) traded up 0.52% during trading on Monday, reaching $3.89. 1,371,330 shares of the company’s stock traded hands. The firm’s market cap is $3.85 billion. The firm has a 50 day moving average price of $4.18 and a 200-day moving average price of $4.61. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. boosted its holdings in Weatherford International PLC by 6.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company’s stock valued at $1,551,000 after purchasing an additional 24,920 shares during the period. Teachers Advisors LLC boosted its holdings in Weatherford International PLC by 15.9% in the 1st quarter. Teachers Advisors LLC now owns 10,031,765 shares of the oil and gas company’s stock valued at $66,711,000 after purchasing an additional 1,372,563 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Weatherford International PLC by 17.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,255,585 shares of the oil and gas company’s stock valued at $4,859,000 after purchasing an additional 182,530 shares during the period. Swiss National Bank boosted its holdings in Weatherford International PLC by 3.0% in the 2nd quarter. Swiss National Bank now owns 3,403,646 shares of the oil and gas company’s stock valued at $13,172,000 after purchasing an additional 98,800 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in Weatherford International PLC by 30.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after purchasing an additional 3,103,335 shares during the period.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the sale, the vice president now owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.16% of the company’s stock.

Weatherford International PLC Company Profile

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

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

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