Weatherford International Plc (NYSE:WFT) – Equities research analysts at Griffin Securities reduced their Q1 2018 earnings per share (EPS) estimates for shares of Weatherford International in a report issued on Monday. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings of ($0.18) per share for the quarter, down from their previous estimate of ($0.17). Griffin Securities also issued estimates for Weatherford International’s Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.12) EPS, Q4 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.55) EPS.

Other analysts have also recently issued reports about the company. Societe Generale raised Weatherford International from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Citigroup raised their target price on Weatherford International from $5.30 to $5.60 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Seaport Global Securities raised Weatherford International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $4.00 to $5.00 in a research note on Wednesday, November 1st. BMO Capital Markets reissued a “buy” rating and issued a $5.50 target price on shares of Weatherford International in a research note on Friday, October 13th. Finally, Deutsche Bank initiated coverage on Weatherford International in a research report on Tuesday, October 10th. They set a “buy” rating and a $6.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $5.94.

Shares of Weatherford International (NYSE WFT) opened at $3.67 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. The stock has a market capitalization of $3,430.00, a PE ratio of -2.57 and a beta of 2.32. Weatherford International has a 12 month low of $3.08 and a 12 month high of $7.09.

Weatherford International (NYSE:WFT) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. Weatherford International’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned ($0.39) earnings per share.

Hedge funds have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Weatherford International during the third quarter valued at approximately $123,000. Balentine LLC lifted its holdings in shares of Weatherford International by 68.5% during the third quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after purchasing an additional 14,922 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Weatherford International by 63.2% during the second quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 15,178 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Weatherford International by 244.5% during the third quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 28,070 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of Weatherford International during the second quarter valued at approximately $161,000.

In other news, VP Douglas M. Mills sold 7,500 shares of Weatherford International 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 in the company, valued at $1,018,593.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by company insiders.

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Weatherford International Company Profile

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

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