Weatherford International PLC (NYSE:WFT) – Equities research analysts at Seaport Global Securities lifted their FY2017 EPS estimates for shares of Weatherford International PLC in a research note issued on Thursday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn ($1.04) per share for the year, up from their previous estimate of ($1.09). Seaport Global Securities currently has a “Buy” rating and a $5.00 target price on the stock. Seaport Global Securities also issued estimates for Weatherford International PLC’s Q4 2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.50) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.03 EPS and FY2019 earnings at $0.05 EPS.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. BMO Capital Markets dropped their price target on shares of Weatherford International PLC from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley dropped their target price on shares of Weatherford International PLC from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Thursday. Societe Generale upgraded shares of Weatherford International PLC from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein raised shares of Weatherford International PLC from a “market perform” rating to an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $6.13.

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Weatherford International PLC (NYSE:WFT) opened at $3.99 on Monday. Weatherford International PLC has a fifty-two week low of $3.16 and a fifty-two week high of $7.09. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.39.

Weatherford International PLC (NYSE:WFT) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis.

Several large investors have recently made changes to their positions in WFT. Harris Associates L P raised its position in shares of Weatherford International PLC by 2,166.3% in the 2nd quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after acquiring an additional 58,380,345 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Weatherford International PLC by 71.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after acquiring an additional 12,194,205 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Weatherford International PLC by 59.5% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,938,200 shares of the oil and gas company’s stock valued at $42,331,000 after acquiring an additional 4,082,000 shares during the period. Thrivent Financial For Lutherans raised its position in shares of 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 acquiring an additional 3,103,335 shares during the period. Finally, Poplar Forest Capital LLC raised its position in shares of Weatherford International PLC by 107.6% in the 2nd quarter. Poplar Forest Capital LLC now owns 5,457,191 shares of the oil and gas company’s stock valued at $21,119,000 after acquiring an additional 2,828,855 shares during the period.

In related news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the sale, the vice president now directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.16% of the company’s stock.

Weatherford International PLC Company Profile

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

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