Weatherford International Plc (WFT) VP Douglas M. Mills Sells 15,223 Shares
Weatherford International Plc (NYSE:WFT) VP Douglas M. Mills sold 15,223 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $4.07, for a total value of $61,957.61. Following the transaction, the vice president now owns 256,402 shares in the company, valued at approximately $1,043,556.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Weatherford International Plc (NYSE:WFT) opened at $4.05 on Friday. Weatherford International Plc has a 1-year low of $3.08 and a 1-year high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44. The firm has a market capitalization of $4,019.73, a PE ratio of -2.76 and a beta of 2.32.
Weatherford International (NYSE:WFT) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned ($0.39) EPS. Weatherford International’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts forecast that Weatherford International Plc will post -1.02 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Weatherford International from a “hold” rating to a “sell” rating in a report on Sunday. Bank of America upgraded Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 16th. Jefferies Group cut Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Thursday, January 4th. Seaport Global Securities upgraded Weatherford International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $4.00 to $5.00 in a report on Wednesday, November 1st. Finally, Societe Generale upgraded Weatherford International from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $5.77.
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.
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