Weatherford International PLC (NYSE:WFT) – Stock analysts at Capital One Financial Corporation reduced their Q3 2017 EPS estimates for shares of Weatherford International PLC in a research report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will post earnings of ($0.24) per share for the quarter, down from their previous estimate of ($0.22). Capital One Financial Corporation also issued estimates for Weatherford International PLC’s FY2018 earnings at ($0.36) EPS.

A number of other research firms have also weighed in on WFT. BMO Capital Markets upped their price objective on shares of Weatherford International PLC from $4.75 to $5.50 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Scotiabank set a $6.00 price objective on shares of 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 shares of Weatherford International PLC and gave the stock a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub raised shares of Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.18.

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Shares of Weatherford International PLC (NYSE:WFT) opened at 4.09 on Wednesday. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The stock has a 50 day moving average of $4.17 and a 200 day moving average of $4.66. The stock’s market capitalization is $4.05 billion.

Weatherford International PLC (NYSE:WFT) last posted its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, hitting the Thomson Reuters’ 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 firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company posted ($0.28) EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.16% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Weatherford International PLC by 1.5% during the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after buying an additional 1,203,292 shares during the last quarter. Harris Associates L P lifted its position in shares of Weatherford International PLC by 2,166.3% during the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after buying an additional 58,380,345 shares during the last quarter. State Street Corp lifted its position in shares of Weatherford International PLC by 3.3% during the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock valued at $195,718,000 after buying an additional 1,617,102 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Weatherford International PLC by 71.9% during the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after buying an additional 12,194,205 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Weatherford International PLC by 30.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after buying an additional 3,103,335 shares during the last quarter.

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.

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

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