Weatherford International Plc (NYSE:WFT) – Equities research analysts at Jefferies Group cut their Q1 2018 EPS estimates for shares of Weatherford International in a research note issued to investors on Monday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will earn ($0.22) per share for the quarter, down from their prior estimate of ($0.20). Jefferies Group currently has a “Underperform” rating and a $3.00 target price on the stock. Jefferies Group also issued estimates for Weatherford International’s Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at ($0.13) EPS, FY2018 earnings at ($0.70) EPS, FY2019 earnings at ($0.15) EPS and FY2020 earnings at $0.30 EPS.

WFT has been the subject of a number of other research reports. Seaport Global Securities reissued a “buy” rating and issued a $6.00 target price on shares of Weatherford International in a report on Monday. Loop Capital set a $5.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a report on Tuesday. Societe Generale raised shares of Weatherford International from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets dropped their target price on shares of Weatherford International from $5.50 to $5.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Finally, Credit Suisse Group set a $6.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Six research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.59.

Weatherford International (NYSE WFT) opened at $2.87 on Thursday. The company has a market cap of $2,910.00, a PE ratio of -1.73 and a beta of 2.07. 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 fifty-two week low of $2.63 and a fifty-two week high of $7.09.

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

In other Weatherford International news, VP Douglas M. Mills sold 15,223 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $4.07, for a total transaction of $61,957.61. Following the completion of the sale, the vice president now owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas M. Mills sold 6,072 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $985,371.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,726 shares of company stock valued at $193,648. 1.16% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in 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. Caisse DE Depot ET Placement DU Quebec increased its position in Weatherford International by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 717,700 shares of the oil and gas company’s stock valued at $3,301,000 after purchasing an additional 14,200 shares during the period. Balentine LLC increased its position 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 valued at $168,000 after purchasing an additional 14,922 shares during the period. Phoenix Investment Adviser LLC increased its position in Weatherford International by 9.0% during the 3rd quarter. Phoenix Investment Adviser LLC now owns 182,000 shares of the oil and gas company’s stock valued at $834,000 after purchasing an additional 15,000 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Weatherford International by 46.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 48,300 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 15,300 shares during the period.

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About Weatherford International

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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