Brokers Issue Forecasts for Weatherford International’s Q4 2019 Earnings (WFT)

Weatherford International (NYSE:WFT) – SunTrust Banks cut their Q4 2019 EPS estimates for shares of Weatherford International in a research report issued on Wednesday, April 4th. SunTrust Banks analyst K. Sill now forecasts that the oil and gas company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.04.

How to Become a New Pot Stock Millionaire

Several other research firms have also weighed in on WFT. BMO Capital Markets reissued a “hold” rating on shares of Weatherford International in a research note on Thursday, January 25th. Bank of America raised Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Tuesday, January 16th. Zacks Investment Research raised Weatherford International from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Gabelli reissued a “buy” rating on shares of Weatherford International in a research note on Tuesday, January 2nd. Finally, ValuEngine lowered Weatherford International from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Weatherford International currently has an average rating of “Hold” and an average price target of $5.03.

Shares of WFT opened at $2.35 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.19 and a debt-to-equity ratio of -13.21. Weatherford International has a 12-month low of $2.07 and a 12-month high of $6.61. The firm has a market cap of $2,146.21, a PE ratio of -2.03 and a beta of 2.34.

Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.12). Weatherford International had a negative net margin of 49.36% and a negative return on equity of 114.20%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned ($0.32) EPS. The company’s revenue was up 6.0% compared to the same quarter last year.

In related news, VP Douglas M. Mills sold 6,072 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $4.24, for a total transaction of $25,745.28. Following the completion of the transaction, the vice president now directly owns 232,399 shares in the company, valued at $985,371.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Douglas M. Mills sold 17,931 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $4.34, for a total value of $77,820.54. Following the transaction, the vice president now owns 238,471 shares of the company’s stock, valued at $1,034,964.14. The disclosure for this sale can be found here. Insiders sold 39,226 shares of company stock valued at $165,523 over the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC grew its holdings in shares of Weatherford International by 13.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 31,579,597 shares of the oil and gas company’s stock worth $131,687,000 after buying an additional 3,744,073 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Weatherford International by 53.8% during the fourth quarter. OppenheimerFunds Inc. now owns 14,524,587 shares of the oil and gas company’s stock worth $60,568,000 after buying an additional 5,083,495 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Weatherford International by 7.9% during the fourth quarter. Thrivent Financial For Lutherans now owns 14,341,730 shares of the oil and gas company’s stock worth $59,805,000 after buying an additional 1,050,981 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Weatherford International by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 8,656,567 shares of the oil and gas company’s stock worth $36,097,000 after buying an additional 128,703 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Weatherford International by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 4,516,743 shares of the oil and gas company’s stock worth $20,687,000 after buying an additional 94,485 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “Brokers Issue Forecasts for Weatherford International’s Q4 2019 Earnings (WFT)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3337002/brokers-issue-forecasts-for-weatherford-internationals-q4-2019-earnings-wft.html.

Weatherford International Company Profile

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates its business through the following business groups: Formation Evaluation & Well Construction, Completion & Production and Land Drilling Rigs. The Formation Evaluation & Well Construction business group offers services such as controlled-pressure drilling and testing, drilling, tubular running, drilling tools, integrated drilling, wireline services, re-entry and fishing, cementing, liner systems, integrated laboratory services and surface logging.

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.

Latest News

CPI Card Group  Receiving Somewhat Positive Press Coverage, Analysis Finds
CPI Card Group Receiving Somewhat Positive Press Coverage, Analysis Finds
Hugoton Royalty Trust  Getting Somewhat Positive Press Coverage, Analysis Shows
Hugoton Royalty Trust Getting Somewhat Positive Press Coverage, Analysis Shows
Pyxis Tankers  Receives News Sentiment Rating of 0.18
Pyxis Tankers Receives News Sentiment Rating of 0.18
TD Ameritrade  Shares Gap Down  After Earnings Miss
TD Ameritrade Shares Gap Down After Earnings Miss
Hexcel  Sees Unusually-High Trading Volume Following Strong Earnings
Hexcel Sees Unusually-High Trading Volume Following Strong Earnings
Texas Instruments  Updates Q2 Earnings Guidance
Texas Instruments Updates Q2 Earnings Guidance


© 2006-2018 Ticker Report. Google+.