Weatherford International PLC (WFT) to Release Quarterly Earnings on Tuesday
Weatherford International PLC (NYSE:WFT) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.23) per share for the quarter.
Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.28). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. Weatherford International PLC’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.28) EPS. On average, analysts expect Weatherford International PLC to post $-1.04 EPS for the current fiscal year and $-0.45 EPS for the next fiscal year.
Shares of Weatherford International PLC (WFT) opened at 3.40 on Tuesday. The stock’s market capitalization is $3.36 billion. Weatherford International PLC has a 52 week low of $3.26 and a 52 week high of $7.09. The company’s 50 day moving average is $4.14 and its 200-day moving average is $4.48.
WFT has been the subject of several recent research reports. Piper Jaffray Companies set a $6.00 target price on shares of Weatherford International PLC and gave the company a “buy” rating in a research report on Saturday, July 29th. Credit Suisse Group restated a “buy” rating and set a $6.00 target price on shares of Weatherford International PLC in a research report on Tuesday, August 1st. BMO Capital Markets restated a “buy” rating and set a $4.75 target price (down from $7.00) on shares of Weatherford International PLC in a research report on Thursday, July 13th. UBS AG restated a “buy” rating and set a $6.00 target price (down from $8.00) on shares of Weatherford International PLC in a research report on Thursday, July 6th. Finally, Scotiabank restated a “buy” rating on shares of Weatherford International PLC in a research report on Tuesday, August 29th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Weatherford International PLC presently has a consensus rating of “Buy” and an average target price of $6.18.
In other news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the transaction, the vice president now owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.16% of the stock is currently owned by insiders.
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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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