Weatherford International Plc (NYSE:WFT) – Jefferies Group cut their Q1 2018 EPS estimates for Weatherford International in a research report issued on Thursday. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings of ($0.20) per share for the quarter, down from their prior estimate of ($0.16). Jefferies Group has a “Underperform” rating and a $3.00 price target on the stock. Jefferies Group also issued estimates for Weatherford International’s Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at ($0.60) EPS, FY2019 earnings at ($0.10) EPS and FY2020 earnings at $0.45 EPS.

Several other research firms have also weighed in on WFT. Citigroup lifted their price objective on shares of Weatherford International from $5.30 to $5.60 and gave the company a “buy” rating in a research note on Thursday, October 5th. Royal Bank of Canada set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Sunday, October 8th. Cowen set a $8.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Friday, October 6th. Deutsche Bank initiated coverage on shares of Weatherford International in a research report on Tuesday, October 10th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Gabelli reissued a “buy” rating on shares of Weatherford International in a research report on Tuesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Weatherford International presently has an average rating of “Buy” and an average target price of $5.90.

Weatherford International (NYSE:WFT) traded down $0.06 during trading hours on Monday, hitting $3.99. 18,982,100 shares of the stock traded hands, compared to its average volume of 33,993,668. The company has a market cap of $3,960.00, a price-to-earnings ratio of -2.79 and a beta of 2.32. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. Weatherford International has a 12 month low of $3.08 and a 12 month high of $7.09.

Weatherford International (NYSE:WFT) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.39) EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Balentine LLC boosted its holdings in 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 acquiring an additional 14,922 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Weatherford International by 40.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 447,470 shares of the oil and gas company’s stock worth $2,049,000 after acquiring an additional 129,121 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Weatherford International by 61.0% during the 3rd quarter. Janus Henderson Group PLC now owns 191,986 shares of the oil and gas company’s stock worth $880,000 after acquiring an additional 72,741 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in Weatherford International by 450.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 54,998 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 44,998 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Weatherford International by 5,565.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,389,998 shares of the oil and gas company’s stock worth $6,366,000 after acquiring an additional 1,365,462 shares during the last quarter.

In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of Weatherford International stock in a transaction 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 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 available through this hyperlink. 1.16% of the stock is owned by insiders.

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Weatherford International Company Profile

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

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