Weatherford International (NASDAQ:WFRD – Get Free Report) posted its earnings results on Tuesday. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.41, Briefing.com reports. Weatherford International had a return on equity of 49.69% and a net margin of 9.19%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis.
Weatherford International Stock Performance
Shares of WFRD stock opened at $86.59 on Wednesday. The stock has a market cap of $6.33 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.87 and a beta of 0.58. The company has a fifty day moving average price of $95.47 and a two-hundred day moving average price of $110.88. Weatherford International has a one year low of $82.16 and a one 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.
Insider Activity
In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Weatherford International
Weatherford International Company Profile
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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