Research Analysts Set Expectations for Weatherford International Plc’s Q1 2018 Earnings (WFT)

Weatherford International Plc (NYSE:WFT) – Investment analysts at Griffin Securities lowered their Q1 2018 earnings per share estimates for shares of Weatherford International in a research report issued to clients and investors on Monday. Griffin Securities analyst K. Simpson now forecasts that the oil and gas company will post earnings per share of ($0.18) for the quarter, down from their prior forecast 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.

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

Other equities research analysts also recently issued research reports about the company. Jefferies Group downgraded Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 price target for the company. in a research report on Thursday. BMO Capital Markets lowered their price target on Weatherford International from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley lowered their price target on Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Societe Generale raised Weatherford International from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada set a $6.00 price target on Weatherford International and gave the company a “buy” rating in a research report on Sunday, October 8th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.94.

Weatherford International (NYSE WFT) traded up $0.02 during mid-day trading on Thursday, reaching $3.72. The company’s stock had a trading volume of 5,654,222 shares, compared to its average volume of 43,077,133. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. The stock has a market capitalization of $3,660.00, a P/E ratio of -2.60 and a beta of 2.32.

Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Weatherford International by 8.9% in the second quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 4,497 shares in the last quarter. KLCM Advisors Inc. increased its holdings in Weatherford International by 0.9% in the second quarter. KLCM Advisors Inc. now owns 539,333 shares of the oil and gas company’s stock valued at $2,087,000 after buying an additional 4,776 shares during the last quarter. Bluestein R H & Co. increased its holdings in Weatherford International by 11.3% in the second quarter. Bluestein R H & Co. now owns 50,100 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 5,100 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Weatherford International by 3.1% in the second quarter. Neuberger Berman Group LLC now owns 332,703 shares of the oil and gas company’s stock valued at $1,288,000 after buying an additional 9,941 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased 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 valued at $14,708,000 after buying an additional 10,661 shares during the last quarter.

In related news, VP Douglas M. Mills sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total value of $28,125.00. Following the transaction, the vice president now owns 271,625 shares in the company, valued at $1,018,593.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.16% of the company’s stock.

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About Weatherford International

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

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