Weatherford International Plc (NYSE:WFT) – SunTrust Banks lowered their Q1 2018 earnings estimates for shares of Weatherford International in a research note issued on Monday. SunTrust Banks analyst K. Sill now anticipates that the oil and gas company will post earnings of ($0.24) per share for the quarter, down from their prior forecast of ($0.21). SunTrust Banks also issued estimates for Weatherford International’s Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.67) EPS, Q1 2019 earnings at ($0.10) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at ($0.15) EPS.

Weatherford International (NYSE:WFT) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.12). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 75.02%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.32) EPS.

Other research analysts also recently issued research reports about the stock. Societe Generale upgraded shares of Weatherford International from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Credit Suisse Group set a $6.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Gabelli restated a “buy” rating on shares of Weatherford International in a research report on Tuesday, January 2nd. Royal Bank of Canada set a $5.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, BMO Capital Markets restated a “buy” rating and set a $5.50 price objective on shares of Weatherford International in a research report on Friday, October 13th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.59.

Weatherford International (WFT) opened at $2.93 on Thursday. The firm has a market cap of $3,096.69, a P/E ratio of -1.04 and a beta of 2.08. Weatherford International has a 52-week low of $2.91 and a 52-week high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

Several hedge funds have recently made changes to their positions in WFT. Quantitative Systematic Strategies LLC bought a new stake in shares of Weatherford International during the 3rd quarter valued at $123,000. Balentine LLC raised its position in shares of Weatherford International by 68.5% during the 3rd 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 period. Toronto Dominion Bank raised its position in shares of Weatherford International by 244.5% during the 3rd 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 period. The Manufacturers Life Insurance Company raised its position in shares of Weatherford International by 8.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 4,497 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Weatherford International during the fourth quarter valued at $216,000.

In other news, VP Douglas M. Mills sold 6,072 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the sale, the vice president now directly owns 232,399 shares in the company, valued at approximately $985,371.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas M. Mills sold 7,500 shares of the firm’s 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 sale, the vice president now owns 271,625 shares in the company, valued at $1,018,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 46,726 shares of company stock worth $193,648 over the last 90 days. Insiders own 1.16% of the company’s stock.

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Weatherford International Company Profile

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

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

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