Equities research analysts predict that Weatherford International PLC (NYSE:WFT) will announce earnings of ($0.28) per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Weatherford International PLC’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.27). Weatherford International PLC also posted earnings of ($0.28) per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, July 28th.
According to Zacks, analysts expect that Weatherford International PLC will report full-year earnings of ($0.99) per share for the current fiscal year, with EPS estimates ranging from ($1.10) to ($0.87). For the next year, analysts forecast that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.48) to $0.10. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Weatherford International PLC.
Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.01. Weatherford International PLC had a negative return on equity of 47.36% and a negative net margin of 60.22%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted ($0.29) EPS. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year.
A number of analysts have weighed in on WFT shares. BMO Capital Markets set a $7.00 target price on shares of Weatherford International PLC and gave the stock a “buy” rating in a research note on Monday, March 27th. Deutsche Bank AG set a $8.00 target price on shares of Weatherford International PLC and gave the stock a “buy” rating in a research note on Monday, March 27th. UBS AG reaffirmed a “buy” rating and set a $8.00 target price (down previously from $9.00) on shares of Weatherford International PLC in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $8.00 price objective on shares of Weatherford International PLC in a research note on Monday, April 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $6.00 price objective on shares of Weatherford International PLC in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weatherford International PLC presently has an average rating of “Buy” and an average target price of $6.66.
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In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $5.19, for a total value of $90,825.00. Following the transaction, the vice president now owns 296,625 shares in the company, valued at $1,539,483.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in WFT. Korea Investment CORP purchased a new position in Weatherford International PLC during the first quarter valued at about $6,015,000. First Manhattan Co. raised its position in Weatherford International PLC by 276.2% in the first quarter. First Manhattan Co. now owns 79,497 shares of the oil and gas company’s stock valued at $446,000 after buying an additional 58,368 shares during the last quarter. Sippican Capital Advisors raised its position in Weatherford International PLC by 11.9% in the first quarter. Sippican Capital Advisors now owns 278,740 shares of the oil and gas company’s stock valued at $1,854,000 after buying an additional 29,655 shares during the last quarter. Factory Mutual Insurance Co. raised its position in Weatherford International PLC by 96.1% in the first quarter. Factory Mutual Insurance Co. now owns 1,979,700 shares of the oil and gas company’s stock valued at $13,166,000 after buying an additional 970,000 shares during the last quarter. Finally, Roanoke Asset Management Corp NY raised its position in Weatherford International PLC by 20.6% in the first quarter. Roanoke Asset Management Corp NY now owns 304,182 shares of the oil and gas company’s stock valued at $2,023,000 after buying an additional 51,870 shares during the last quarter.
Weatherford International PLC (NYSE:WFT) opened at 4.22 on Tuesday. Weatherford International PLC has a 12-month low of $3.39 and a 12-month high of $7.09. The firm’s 50-day moving average price is $4.10 and its 200 day moving average price is $5.31. The firm’s market cap is $4.16 billion.
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.
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