Equities analysts expect Weatherford International PLC (NYSE:WFT) to post sales of $1.50 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Weatherford International’s earnings. The highest sales estimate is $1.53 billion and the lowest is $1.49 billion. Weatherford International reported sales of $1.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The company is expected to announce its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Weatherford International will report full-year sales of $1.50 billion for the current financial year, with estimates ranging from $5.70 billion to $5.75 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.12 billion per share, with estimates ranging from $5.38 billion to $6.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Weatherford International.

Weatherford International (NYSE:WFT) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.39) EPS.

A number of equities research analysts have recently weighed in on WFT shares. Seaport Global Securities raised shares of Weatherford International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.00 to $5.00 in a research note on Wednesday, November 1st. Scotiabank reissued a “buy” rating on shares of Weatherford International in a research note on Tuesday, August 29th. Citigroup boosted their price objective on shares of Weatherford International from $5.30 to $5.60 and gave the stock a “buy” rating in a research note on Thursday, October 5th. BMO Capital Markets reissued a “buy” rating and set a $5.50 price objective on shares of Weatherford International in a research note on Friday, October 13th. Finally, Deutsche Bank assumed coverage on shares of Weatherford International in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $6.07.

In other Weatherford International news, VP Douglas M. Mills sold 17,500 shares of Weatherford International stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the transaction, the vice president now directly owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of WFT. ING Groep NV purchased a new position in Weatherford International in the second quarter worth about $213,000. Janney Montgomery Scott LLC raised its holdings in Weatherford International by 18.4% in the second quarter. Janney Montgomery Scott LLC now owns 558,547 shares of the oil and gas company’s stock worth $2,162,000 after buying an additional 86,874 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Weatherford International by 13.6% in the second quarter. Canada Pension Plan Investment Board now owns 681,310 shares of the oil and gas company’s stock worth $2,637,000 after buying an additional 81,400 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Weatherford International by 0.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,800,273 shares of the oil and gas company’s stock worth $14,708,000 after buying an additional 10,661 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Weatherford International by 71.9% during the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after purchasing an additional 12,194,205 shares during the last quarter.

Shares of Weatherford International (WFT) opened at $3.52 on Tuesday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International has a 52 week low of $3.08 and a 52 week high of $7.09.

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

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