Weatherford International PLC (WFT) Announces Quarterly Earnings Results

Weatherford International PLC (NYSE:WFT) released its earnings results on Wednesday. The oil and gas company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02, Briefing.com reports. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. Weatherford International PLC’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.39) EPS.

Several equities analysts have commented on WFT shares. Scotiabank reissued a “buy” rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. Sanford C. Bernstein lowered shares of Weatherford International PLC from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $7.00 to $5.00 in a research report on Thursday, July 6th. ValuEngine lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $5.00 price objective on shares of Weatherford International PLC and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research lowered shares of Weatherford International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Weatherford International PLC has a consensus rating of “Buy” and a consensus price target of $6.19.

In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was 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 directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.

WARNING: “Weatherford International PLC (WFT) Announces Quarterly Earnings Results” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2017/11/02/weatherford-international-plc-wft-posts-earnings-results-beats-estimates-by-0-01-eps.html.

About Weatherford International PLC

Earnings History for Weatherford International PLC (NYSE:WFT)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit