Weatherford International PLC (NYSE:WFT) Scheduled to Post Earnings on Thursday
Weatherford International PLC (NYSE:WFT) is set to release its earnings data after the market closes on Thursday, July 27th. Analysts expect Weatherford International PLC to post earnings of ($0.28) per share for the quarter.
Weatherford International PLC (NYSE:WFT) last issued its earnings results on Friday, April 28th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.01. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Weatherford International PLC had a negative return on equity of 47.36% and a negative net margin of 60.22%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.29) earnings per share. On average, analysts expect Weatherford International PLC to post $-0.99 EPS for the current fiscal year and $-0.33 EPS for the next fiscal year.
Shares of Weatherford International PLC (NYSE WFT) opened at 4.55 on Thursday. The company’s 50-day moving average is $4.13 and its 200-day moving average is $5.34. The company’s market capitalization is $4.49 billion. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09.
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In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the 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 completion of the sale, the vice president now owns 296,625 shares in the company, valued at $1,539,483.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
A number of research firms recently weighed in on WFT. BidaskClub raised shares of Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and issued a $4.75 target price (down previously from $7.00) on shares of Weatherford International PLC in a research note on Thursday, July 13th. Zacks Investment Research downgraded shares of Weatherford International PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Scotiabank set a $6.00 target price on shares of Weatherford International PLC and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, UBS AG reaffirmed a “buy” rating and issued a $6.00 target price (down previously from $8.00) on shares of Weatherford International PLC in a research note on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $6.66.
About Weatherford International PLC
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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