Brokerages expect Weatherford International Plc (NYSE:WFT) to post ($0.30) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Weatherford International Plc’s earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.24). Weatherford International Plc reported earnings of ($0.29) per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The business is scheduled to announce its next earnings results after the market closes on Thursday, April 27th.
On average, analysts expect that Weatherford International Plc will report full-year earnings of ($0.85) per share for the current fiscal year, with EPS estimates ranging from ($1.07) to ($0.51). For the next fiscal year, analysts expect that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.27) to $0.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Weatherford International Plc.
WFT has been the subject of several recent analyst reports. SunTrust Banks, Inc. initiated coverage on Weatherford International Plc in a research note on Wednesday, January 18th. They issued a “buy” rating and a $8.00 price target for the company. Vetr upgraded Weatherford International Plc from a “buy” rating to a “strong-buy” rating and set a $7.02 price target for the company in a research note on Tuesday, March 14th. Cowen and Company restated an “outperform” rating and issued a $7.00 price target on shares of Weatherford International Plc in a research note on Tuesday, March 7th. Tudor Pickering assumed coverage on Weatherford International Plc in a research note on Thursday, March 23rd. They set a “buy” rating for the company. Finally, Scotiabank set a $6.00 price objective on Weatherford International Plc and gave the stock a “hold” rating in a research note on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Weatherford International Plc currently has a consensus rating of “Buy” and an average price target of $7.29.
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In related news, VP Douglas M. Mills sold 6,462 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $5.30, for a total value of $34,248.60. Following the transaction, the vice president now owns 328,520 shares of the company’s stock, valued at $1,741,156. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Douglas M. Mills sold 14,395 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $5.58, for a total value of $80,324.10. Following the completion of the transaction, the vice president now directly owns 318,520 shares in the company, valued at approximately $1,777,341.60. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Roanoke Asset Management Corp NY raised its position in Weatherford International Plc by 20.6% in the first quarter. Roanoke Asset Management Corp NY now owns 304,182 shares of the oil and gas company’s stock valued at $2,023,000 after buying an additional 51,870 shares during the period. Nisa Investment Advisors LLC raised its position in Weatherford International Plc by 79.6% in the first quarter. Nisa Investment Advisors LLC now owns 89,800 shares of the oil and gas company’s stock valued at $597,000 after buying an additional 39,800 shares during the period. Doyle Wealth Management acquired a new position in Weatherford International Plc during the first quarter valued at approximately $6,714,000. Baldwin Brothers Inc. MA acquired a new position in Weatherford International Plc during the first quarter valued at approximately $100,000. Finally, BKD Wealth Advisors LLC raised its position in Weatherford International Plc by 9.5% in the first quarter. BKD Wealth Advisors LLC now owns 16,884 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 1,471 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.
Weatherford International Plc (NYSE:WFT) traded down 4.20% during mid-day trading on Tuesday, reaching $5.47. The company had a trading volume of 23,312,840 shares. The firm’s market capitalization is $5.38 billion. Weatherford International Plc has a 52 week low of $3.73 and a 52 week high of $8.49. The stock’s 50-day moving average price is $6.24 and its 200 day moving average price is $5.61.
Weatherford International Plc Company Profile
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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