Weatherford International PLC (NYSE:WFT) – Capital One Financial Corporation cut their Q3 2017 earnings per share estimates for Weatherford International PLC in a report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oil and gas company will post earnings of ($0.24) per share for the quarter, down from their prior forecast of ($0.22). Capital One Financial Corporation also issued estimates for Weatherford International PLC’s FY2018 earnings at ($0.36) EPS.
Several other research firms have also recently commented on WFT. BMO Capital Markets raised their target price on Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Scotiabank set a $6.00 price objective on Weatherford International PLC and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the stock a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $6.18.
TRADEMARK VIOLATION WARNING: “Weatherford International PLC (WFT) to Post Q3 2017 Earnings of ($0.24) Per Share, Capital One Financial Corporation Forecasts” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/12/weatherford-international-plc-wft-to-post-q3-2017-earnings-of-0-24-per-share-capital-one-financial-corporation-forecasts.html.
Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned ($0.28) EPS. The firm’s revenue was down 2.8% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Laurion Capital Management LP bought a new position in shares of Weatherford International PLC during the first quarter valued at $109,000. Two Sigma Securities LLC raised its stake in shares of Weatherford International PLC by 14.5% during the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after acquiring an additional 2,238 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Weatherford International PLC during the first quarter valued at $129,000. US Bancorp DE raised its stake in shares of Weatherford International PLC by 181.1% during the first quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock valued at $170,000 after acquiring an additional 16,444 shares during the last quarter. Finally, Fore Research & Management LP bought a new position in shares of Weatherford International PLC during the first quarter valued at $199,000.
In related news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the transaction, the vice president now owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.16% of the stock is owned by corporate insiders.
About Weatherford International PLC
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.
What are top analysts saying about Weatherford International PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Weatherford International PLC and related companies.