Weatherford International (NYSE:WFT) is set to announce its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.
Weatherford International (NYSE:WFT) last released its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share 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 analyst estimates of $1.50 billion. Weatherford International had a negative return on equity of 114.20% and a negative net margin of 49.36%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.32) EPS. On average, analysts expect Weatherford International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Weatherford International stock opened at $2.65 on Tuesday. The firm has a market cap of $2,603.27, a price-to-earnings ratio of -2.28 and a beta of 2.34. The company has a debt-to-equity ratio of -13.21, a current ratio of 1.74 and a quick ratio of 1.19. Weatherford International has a fifty-two week low of $2.07 and a fifty-two week high of $6.16.
A number of research analysts have weighed in on WFT shares. Royal Bank of Canada set a $5.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Gabelli reissued a “buy” rating on shares of Weatherford International in a research report on Tuesday, January 2nd. Credit Suisse Group set a $6.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. UBS set a $6.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group lowered shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 target price for the company. in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.87.
In related news, VP Douglas M. Mills sold 17,931 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total value of $77,820.54. Following the sale, the vice president now owns 238,471 shares of the company’s stock, valued at $1,034,964.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Douglas M. Mills sold 6,072 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the completion of the sale, the vice president now directly owns 232,399 shares in the company, valued at approximately $985,371.76. The disclosure for this sale can be found here. Insiders have sold 39,226 shares of company stock valued at $165,523 in the last ninety days. 0.44% of the stock is owned by company insiders.
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About Weatherford International
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.
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