Weatherford International Plc (NYSE:WFT) – Equities research analysts at Capital One Financial upped their FY2018 earnings per share (EPS) estimates for Weatherford International in a note issued to investors on Monday. Capital One Financial analyst L. Lemoine now anticipates that the oil and gas company will post earnings per share of ($0.40) for the year, up from their previous forecast of ($0.45). Capital One Financial also issued estimates for Weatherford International’s Q4 2018 earnings at ($0.05) EPS and FY2019 earnings at ($0.13) EPS.

Several other brokerages have also issued reports on WFT. Sanford C. Bernstein raised shares of Weatherford International from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Bank of America raised shares of Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a report on Sunday, January 21st. Tudor Pickering lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a report on Monday. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Weatherford International in a report on Thursday, January 25th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Weatherford International presently has an average rating of “Hold” and a consensus target price of $5.59.

Shares of Weatherford International (WFT) traded down $0.19 during mid-day trading on Thursday, reaching $2.68. 17,361,845 shares of the company traded hands, compared to its average volume of 26,335,041. The stock has a market capitalization of $2,850.00, a price-to-earnings ratio of -1.61 and a beta of 2.07. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44. Weatherford International has a 12 month low of $2.63 and a 12 month high of $7.09.

Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.12). The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 75.02%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) earnings per share.

Large investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Weatherford International during the third quarter worth $123,000. Balentine LLC lifted its position in Weatherford International by 68.5% during the third quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after purchasing an additional 14,922 shares during the period. Toronto Dominion Bank lifted its position in Weatherford International by 244.5% during the third quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 28,070 shares during the period. The Manufacturers Life Insurance Company lifted its position in Weatherford International by 8.9% during the second quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 4,497 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Weatherford International during the fourth quarter valued at $216,000.

In other news, VP Douglas M. Mills sold 17,931 shares of Weatherford International stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total transaction of $77,820.54. Following the completion of the sale, the vice president now directly owns 238,471 shares in the company, valued at $1,034,964.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Douglas M. Mills sold 7,500 shares of Weatherford International stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total transaction of $28,125.00. Following the sale, the vice president now owns 271,625 shares of the company’s stock, valued at $1,018,593.75. The disclosure for this sale can be found here. Insiders have sold 46,726 shares of company stock valued at $193,648 over the last quarter. Insiders own 1.16% of the company’s stock.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

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

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