Weatherford International Plc (NYSE:WFT) – Research analysts at Seaport Global Securities decreased their FY2017 earnings per share estimates for shares of Weatherford International in a research report issued on Tuesday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn ($1.06) per share for the year, down from their previous estimate of ($1.04). Seaport Global Securities has a “Buy” rating and a $5.00 price objective on the stock. Seaport Global Securities also issued estimates for Weatherford International’s Q4 2017 earnings at ($0.23) EPS.

Weatherford International (NYSE:WFT) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $1.46 billion during 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%. Weatherford International’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted ($0.39) EPS.

Several other equities analysts have also commented on the stock. UBS Group set a $6.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group set a $6.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Tuesday. Gabelli reaffirmed a “buy” rating on shares of Weatherford International in a research report on Tuesday. Royal Bank of Canada set a $5.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Citigroup lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price objective for the company. in a research report on Monday, November 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Weatherford International presently has a consensus rating of “Buy” and an average target price of $6.03.

Weatherford International (WFT) opened at $3.67 on Thursday. The company has a market cap of $3,430.00, a P/E ratio of -2.57 and a beta of 2.32. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC acquired a new stake in shares of Weatherford International during the 3rd quarter worth approximately $123,000. Balentine LLC grew its stake in shares of Weatherford International by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 14,922 shares during the period. Private Advisor Group LLC grew its stake in shares of Weatherford International by 63.2% during the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 15,178 shares during the period. Toronto Dominion Bank grew its stake in shares of Weatherford International by 244.5% during the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 28,070 shares during the period. Finally, CIBC World Markets Inc. acquired a new stake in shares of Weatherford International during the 2nd quarter worth approximately $161,000.

In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the completion of the transaction, the vice president now directly owns 271,625 shares of the company’s stock, valued at approximately $1,018,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.16% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Weatherford International Plc Lowered by Seaport Global Securities (WFT)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/04/fy2017-eps-estimates-for-weatherford-international-plc-lowered-by-seaport-global-securities-wft.html.

Weatherford International Company Profile

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

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.