Weatherford International PLC (NYSE:WFT) – Equities researchers at Seaport Global Securities increased their FY2017 earnings estimates for Weatherford International PLC in a research report issued on Thursday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn ($1.04) per share for the year, up from their previous estimate of ($1.09). Seaport Global Securities has a “Buy” rating and a $5.00 price target on the stock. Seaport Global Securities also issued estimates for Weatherford International PLC’s Q4 2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.50) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.03 EPS and FY2019 earnings at $0.05 EPS.

Weatherford International PLC (NYSE:WFT) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.39) EPS.

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Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. BMO Capital Markets reduced their price target on shares of Weatherford International PLC from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Citigroup Inc. cut shares of Weatherford International PLC from a “buy” rating to a “neutral” rating and set a $4.20 price target for the company. in a research report on Monday. Societe Generale raised shares of Weatherford International PLC from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group LLC set a $5.00 price target on shares of Weatherford International PLC and gave the company a “hold” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $6.07.

Shares of Weatherford International PLC (NYSE WFT) opened at $4.11 on Monday. Weatherford International PLC has a 1 year low of $3.16 and a 1 year high of $7.09. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the company’s 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 transaction, the vice president now directly owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.16% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Associates Ltd. grew its position in Weatherford International PLC by 6.6% during the second quarter. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company’s stock worth $1,551,000 after buying an additional 24,920 shares during the period. Bank of Nova Scotia grew its position in Weatherford International PLC by 825.9% during the second quarter. Bank of Nova Scotia now owns 331,000 shares of the oil and gas company’s stock worth $1,281,000 after buying an additional 376,600 shares during the period. State Board of Administration of Florida Retirement System grew its position in Weatherford International PLC by 17.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,255,585 shares of the oil and gas company’s stock worth $4,859,000 after buying an additional 182,530 shares during the period. Swiss National Bank grew its position in Weatherford International PLC by 3.0% during the second quarter. Swiss National Bank now owns 3,403,646 shares of the oil and gas company’s stock worth $13,172,000 after buying an additional 98,800 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in 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 worth $51,653,000 after buying an additional 3,103,335 shares during the period.

About Weatherford International PLC

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

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