Seaport Global Securities Weighs in on Weatherford International PLC’s FY2017 Earnings (NYSE:WFT)

Weatherford International PLC (NYSE:WFT) – Equities researchers at Seaport Global Securities raised their FY2017 EPS estimates for shares of Weatherford International PLC in a research report issued on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will post earnings per share of ($1.04) for the year, up from their prior forecast of ($1.09). Seaport Global Securities currently has a “Buy” rating and a $5.00 price objective 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.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded 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 cut their price objective on shares of Weatherford International PLC from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Jefferies Group LLC set a $5.00 target price on shares of Weatherford International PLC and gave the stock a “hold” rating in a research report on Thursday, October 5th. Morgan Stanley dropped their target price on shares of Weatherford International PLC from $5.50 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $6.00 target price on shares of Weatherford International PLC in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Weatherford International PLC currently has a consensus rating of “Buy” and an average target price of $6.07.

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Weatherford International PLC (NYSE:WFT) opened at $3.63 on Monday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International PLC has a 12-month low of $3.16 and a 12-month high of $7.09.

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

In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction 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 directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.16% of the company’s stock.

Large investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC acquired a new position in Weatherford International PLC during the third quarter worth $123,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Weatherford International PLC by 1.5% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 500 shares during the period. Driehaus Capital Management LLC acquired a new position in Weatherford International PLC during the first quarter worth $129,000. Crawford Investment Counsel Inc. raised its position in Weatherford International PLC by 68.8% during the second quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after acquiring an additional 15,000 shares during the period. Finally, Private Advisor Group LLC raised its position in Weatherford International PLC by 63.2% during the second quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 15,178 shares during the period.

Weatherford International PLC Company Profile

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

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