Weatherford International (NYSE:WFT) – Equities researchers at Gabelli boosted their FY2018 earnings per share estimates for Weatherford International in a report released on Wednesday, April 25th. Gabelli analyst S. Wong now anticipates that the oil and gas company will earn ($0.45) per share for the year, up from their prior forecast of ($0.75). Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Weatherford International’s FY2019 earnings at ($0.05) EPS and FY2020 earnings at $0.20 EPS.

Several other brokerages also recently issued reports on WFT. Jefferies Group set a $3.00 price objective on shares of Weatherford International and gave the stock a “hold” rating in a research note on Tuesday. Piper Jaffray set a $2.00 price objective on shares of Weatherford International and gave the stock a “hold” rating in a research note on Tuesday. Cowen set a $5.00 price objective on shares of Weatherford International and gave the stock a “buy” rating in a research note on Friday, April 13th. BMO Capital Markets set a $4.00 price objective on shares of Weatherford International and gave the stock a “buy” rating in a research note on Tuesday, April 10th. Finally, Susquehanna Bancshares set a $4.00 price objective on shares of Weatherford International and gave the stock a “buy” rating in a research note on Monday, April 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $4.73.

Shares of NYSE:WFT opened at $2.95 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.74 and a debt-to-equity ratio of -13.21. Weatherford International has a 12 month low of $2.07 and a 12 month high of $6.09. The stock has a market capitalization of $2,901.36, a P/E ratio of -2.54 and a beta of 2.34.

Weatherford International (NYSE:WFT) last announced its quarterly earnings results on Tuesday, April 24th. The oil and gas company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.04. Weatherford International had a negative net margin of 45.50% and a negative return on equity of 130.94%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm earned ($0.32) EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year.

In other news, VP Douglas M. Mills sold 6,072 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the transaction, the vice president now directly owns 232,399 shares of the company’s stock, valued at $985,371.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

Several large investors have recently modified their holdings of the company. Wedge Capital Management L L P NC increased its position in shares of Weatherford International by 13.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 31,579,597 shares of the oil and gas company’s stock worth $131,687,000 after acquiring an additional 3,744,073 shares during the period. OppenheimerFunds Inc. increased its position in shares of Weatherford International by 53.8% during the fourth quarter. OppenheimerFunds Inc. now owns 14,524,587 shares of the oil and gas company’s stock worth $60,568,000 after acquiring an additional 5,083,495 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Weatherford International by 7.9% during the fourth quarter. Thrivent Financial For Lutherans now owns 14,341,730 shares of the oil and gas company’s stock worth $59,805,000 after acquiring an additional 1,050,981 shares during the period. Geode Capital Management LLC increased its position in shares of Weatherford International by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 8,656,567 shares of the oil and gas company’s stock worth $36,097,000 after acquiring an additional 128,703 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Weatherford International by 4,460.7% during the fourth quarter. Mackenzie Financial Corp now owns 4,241,467 shares of the oil and gas company’s stock worth $17,687,000 after acquiring an additional 4,148,467 shares during the period.

About Weatherford International

Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.

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

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