Weatherford International (NASDAQ:WFRD – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41, Briefing.com reports. Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.66 EPS. Weatherford International’s quarterly revenue was up 7.3% compared to the same quarter last year.
Weatherford International Stock Performance
NASDAQ WFRD opened at $86.59 on Wednesday. The company has a market cap of $6.33 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.87 and a beta of 0.58. Weatherford International has a 1-year low of $82.16 and a 1-year high of $135.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47. The stock has a 50-day moving average of $95.47 and a two-hundred day moving average of $110.88.
Insider Activity at Weatherford International
In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on WFRD
About Weatherford International
Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.
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