Weatherford International PLC (NYSE:WFT) – Analysts at Griffin Securities issued their FY2019 earnings estimates for shares of Weatherford International PLC in a research note issued to investors on Wednesday. Griffin Securities analyst K. Simpson forecasts that the oil and gas company will post earnings of $0.13 per share for the year.

Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.28). Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned ($0.28) earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year.

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A number of other equities analysts have also recently commented on WFT. Scotiabank set a $6.00 price target on shares of Weatherford International PLC and gave the stock a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $7.00 price target on shares of Weatherford International PLC in a research note on Tuesday, May 2nd. UBS AG reaffirmed a “buy” rating and set a $8.00 price target (down from $9.00) on shares of Weatherford International PLC in a research note on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $6.00 price target on shares of Weatherford International PLC in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $8.00 price target on shares of Weatherford International PLC in a research note on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Weatherford International PLC has an average rating of “Buy” and an average price target of $6.39.

Shares of Weatherford International PLC (NYSE WFT) traded up 2.720% on Friday, reaching $3.965. 6,023,729 shares of the company traded hands. The firm’s market capitalization is $3.92 billion. Weatherford International PLC has a 1-year low of $3.39 and a 1-year high of $7.09. The stock has a 50-day moving average price of $4.12 and a 200 day moving average price of $5.15.

Several large investors have recently bought and sold shares of WFT. Baldwin Brothers Inc. MA acquired a new stake in Weatherford International PLC during the first quarter valued at approximately $100,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in Weatherford International PLC by 13.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 1,899 shares in the last quarter. Laurion Capital Management LP purchased a new position in Weatherford International PLC during the first quarter valued at approximately $109,000. Two Sigma Securities LLC raised its position in Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,238 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 500 shares during the period.

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.

Earnings History and Estimates for Weatherford International PLC (NYSE:WFT)

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