Weatherford International (WFT) to Release Quarterly Earnings on Friday
Weatherford International (NYSE:WFT) is scheduled to issue its quarterly earnings data on Friday, April 25th. Parties that are interested in registering for the company’s conference call can do so using this link.
Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts expect Weatherford International to post $0.99 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.
Shares of Weatherford International (NYSE:WFT) opened at 18.55 on Thursday. Weatherford International has a 52-week low of $12.32 and a 52-week high of $18.72. The stock has a 50-day moving average of $17.15 and a 200-day moving average of $15.82. The company’s market cap is $14.305 billion. Weatherford International also was the target of some unusual options trading on Monday. Stock investors acquired 12,276 put options on the company. This is an increase of 537% compared to the average daily volume of 1,928 put options.
A number of research firms have recently commented on WFT. Analysts at Zacks reiterated a “neutral” rating on shares of Weatherford International in a research note on Friday, April 4th. They now have a $18.00 price target on the stock. On the ratings front, analysts at Societe Generale raised their price target on shares of Weatherford International from $19.00 to $22.00 in a research note on Friday, April 4th. Finally, analysts at Deutsche Bank cut their price target on shares of Weatherford International from $25.00 to $24.00 in a research note on Friday, March 28th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.86.
Weatherford International Ltd. (NYSE:WFT) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.
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