FY2017 EPS Estimates for Weatherford International Plc Lowered by Seaport Global Securities (WFT)
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.
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.
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Weatherford International Company Profile
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