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. It operates in over 100 countries and have manufacturing facilities and sales, service and distribution locations in approximately all of the oil and natural gas producing regions in the world. The Company operates in ten service lines: artificial lift systems; stimulation and chemicals; drilling services; well construction; integrated drilling; completion systems; drilling tools; wireline and evaluation services; re-entry and fishing and pipeline and specialty services. Weatherford Switzerland conducts all of its operations through its subsidiaries, including Weatherford Bermuda and Weatherford International, Inc. (Weatherford Delaware).
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Equipment & Services
- Sub-Industry: N/A
- Symbol: NYSE:WFT
- CUSIP: N/A
- Web: www.weatherford.com
- Market Cap: $4.31758 billion
- Outstanding Shares: 985,750,000
- 50 Day Moving Avg: $4.12
- 200 Day Moving Avg: $5.33
- 52 Week Range: $3.39 - $7.09
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -21.90
- P/E Growth: 0.19
- Annual Revenue: $5.55 billion
- Price / Sales: 0.78
- Book Value: $1.66 per share
- Price / Book: 2.64
- EBIDTA: ($272,000,000.00)
- Net Margins: -60.22%
- Return on Equity: -47.36%
- Return on Assets: -9.49%
- Debt-to-Equity Ratio: 4.32%
- Current Ratio: 2.09%
- Quick Ratio: 1.39%
- Average Volume: 24.28 million shs.
- Beta: 2.37
- Short Ratio: 5.75
Frequently Asked Questions for Weatherford International PLC (NYSE:WFT)
What is Weatherford International PLC's stock symbol?
Weatherford International PLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFT."
How were Weatherford International PLC's earnings last quarter?
Weatherford International PLC (NYSE:WFT) issued its quarterly earnings results on Friday, April, 28th. The company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.31) by $0.01. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.36 billion. Weatherford International PLC had a negative return on equity of 47.36% and a negative net margin of 60.22%. Weatherford International PLC's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.29) EPS. View Weatherford International PLC's Earnings History.
When will Weatherford International PLC make its next earnings announcement?
Where is Weatherford International PLC's stock going? Where will Weatherford International PLC's stock price be in 2017?
26 brokers have issued 12-month price objectives for Weatherford International PLC's shares. Their predictions range from $3.75 to $10.00. On average, they expect Weatherford International PLC's stock price to reach $6.69 in the next twelve months. View Analyst Ratings for Weatherford International PLC.
What are analysts saying about Weatherford International PLC stock?
Here are some recent quotes from research analysts about Weatherford International PLC stock:
- 1. According to Zacks Investment Research, "Weatherford International Ltd.’s price chart underperformed the broader market indices over the last three months. The company’s debt-heavy balance sheet and inadequate cash balances are other concerns. The debt increased by nearly 30% during 2016 with little sign of reduction during the first quarter. Further, cash balance plunged by over 47% during Q1. This reflects the weakness of its balance sheet. Moreover, the credit ratings of the company’s bonds were downgraded by multiple credit rating agencies in 2016. Given high debt load and weak credit ratings we think that Weatherford might face difficulties in generating debt capital for financing future growth projects. Volatile gas prices also remain a drag. Under these headwinds, we expect shares of Weatherford to be under pressure in the near future." (7/13/2017)
- 2. Jefferies Group LLC analysts commented, "As we now expect a softer non-NAM in 2017 (see below), and we true-up for share dilution in 4Q16, we lower estimates and tweak lower our PT to $6. After we jumped the gun to upgrade (in 2015) on a management change thesis, we believe we still are giving credit for a much better-run company. However, at the very least, the macro constrains the pace of progress and we submit there is relatively greater risk than for peers in how the new WFT climbs out of the downturn (and we see some risk to 4Q16 as well). That said, risks to our more negative view include 1) potential strong recovery in production-oriented (opex) spending (albeit presumably with more competition in the U.S. than during the last downturn), 2) even greater savings from shutting in pumping (although we already estimate $180MM in savings yr./yr. in '17 related to this) and 3) generally low expectations." (1/27/2017)
Are investors shorting Weatherford International PLC?
Weatherford International PLC saw a increase in short interest in June. As of June 30th, there was short interest totalling 153,889,892 shares, an increase of 3.7% from the June 15th total of 148,333,004 shares. Based on an average daily trading volume, of 24,468,592 shares, the short-interest ratio is currently 6.3 days. Currently, 15.8% of the shares of the company are sold short.
Who are some of Weatherford International PLC's key competitors?
Who owns Weatherford International PLC stock?
Weatherford International PLC's stock is owned by a number of of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.30%), Factory Mutual Insurance Co. (0.27%), Doyle Wealth Management (0.20%), Adams Natural Resources Fund Inc. (0.12%), Exane Derivatives (0.04%) and Roanoke Asset Management Corp NY (0.03%). Company insiders that own Weatherford International PLC stock include Bernard J Duroc-Danner, David J Butters, Douglas M Mills, Francis S Kalman and Krishna Shivram. View Institutional Ownership Trends for Weatherford International PLC.
Who sold Weatherford International PLC stock? Who is selling Weatherford International PLC stock?
Who bought Weatherford International PLC stock? Who is buying Weatherford International PLC stock?
Weatherford International PLC's stock was acquired by a variety of institutional investors in the last quarter, including Doyle Wealth Management, Factory Mutual Insurance Co., Exane Derivatives, Mn Services Vermogensbeheer B.V., Mizuho Securities USA LLC and Sippican Capital Advisors. Company insiders that have bought Weatherford International PLC stock in the last two years include Francis S Kalman and Krishna Shivram. View Insider Buying and Selling for Weatherford International PLC.
How do I buy Weatherford International PLC stock?
Shares of Weatherford International PLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Weatherford International PLC's stock price today?
MarketBeat Community Rating for Weatherford International PLC (NYSE WFT)MarketBeat's community ratings are surveys of what our community members think about Weatherford International PLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Weatherford International PLC stock can currently be purchased for approximately $4.38.
Consensus Ratings for Weatherford International PLC (NYSE:WFT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 7 Hold Ratings, 18 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.65)|
|Consensus Price Target: ||$6.69 (52.73% upside)|
Analysts' Ratings History for Weatherford International PLC (NYSE:WFT)
(Data available from 7/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/13/2017||BMO Capital Markets||Reiterated Rating||Buy||$7.00 -> $4.75||Medium|
|7/7/2017||Scotiabank||Set Price Target||Hold||$6.00||High|
|7/6/2017||Sanford C. Bernstein||Downgrade||Outperform -> Market Perform||$7.00 -> $5.00||High|
|6/24/2017||Royal Bank Of Canada||Set Price Target||Buy||$8.00||High|
|6/21/2017||Morgan Stanley||Reiterated Rating||Overweight||$12.00 -> $6.00||Medium|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$7.00 -> $4.00||High|
|6/21/2017||Barclays PLC||Upgrade||Equal Weight -> Overweight||$7.00 -> $6.00||High|
|6/6/2017||Jefferies Group LLC||Set Price Target||Hold||$6.00||Medium|
|5/30/2017||Deutsche Bank AG||Reiterated Rating||Buy||$8.00 -> $7.00||Low|
|4/18/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$7.25||Medium|
|3/27/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$6.36 -> $5.89||High|
|3/23/2017||Tudor Pickering||Initiated Coverage||Buy||High|
|3/8/2017||Clarkson Capital||Upgrade||Sell -> Neutral||$4.50 -> $6.50||Low|
|3/7/2017||Cowen and Company||Reiterated Rating||Outperform||$7.00||N/A|
|3/7/2017||Credit Suisse Group||Reiterated Rating||Outperform||$6.91||N/A|
|3/7/2017||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||$7.00||N/A|
|3/7/2017||Evercore ISI||Reiterated Rating||Outperform||$7.00||N/A|
|2/3/2017||Loop Capital||Upgrade||Hold -> Buy||$7.00 -> $8.00||N/A|
|1/18/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy||$8.00||N/A|
|11/2/2016||Raymond James Financial, Inc.||Downgrade||Strong-Buy -> Outperform||$7.00 -> $6.50||N/A|
|10/27/2016||Howard Weil||Lower Price Target||Sector Perform||$8.00 -> $7.00||N/A|
|10/11/2016||Citigroup Inc.||Boost Price Target||Buy||$7.00 -> $8.00||N/A|
|8/16/2016||Nomura||Set Price Target||Buy||$10.00||N/A|
|7/29/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||$9.00||N/A|
|6/24/2016||Imperial Capital||Initiated Coverage||In-Line -> In-Line||$7.00||N/A|
|6/13/2016||Bank of America Corporation||Initiated Coverage||Underperform||N/A|
|6/3/2016||Simmons||Upgrade||Neutral -> Overweight||$7.20 -> $8.00||N/A|
|6/2/2016||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||N/A|
|5/10/2016||Societe Generale||Downgrade||Buy -> Hold||N/A|
|5/9/2016||KLR Group||Reiterated Rating||Accumulate||$9.25 -> $7.25||N/A|
|5/8/2016||Robert W. Baird||Reiterated Rating||Hold||N/A|
|4/7/2016||Iberia Capital||Reiterated Rating||Outperform||$9.00||N/A|
|2/19/2016||DA Davidson||Initiated Coverage||Buy||$9.00||N/A|
|1/8/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Buy||N/A|
|10/27/2015||Susquehanna Bancshares Inc||Upgrade||Neutral -> Positive||$11.00 -> $12.00||N/A|
|9/21/2015||Sterne Agee CRT||Reiterated Rating||Hold||N/A|
|9/11/2015||TD Securities||Upgrade||Hold -> Buy||N/A|
Earnings History for Weatherford International PLC (NYSE:WFT)Earnings History by Quarter for Weatherford International PLC (NYSE WFT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/28/2017||Q1 17||($0.31)||($0.32)||$1.36 billion||$1.39 billion||View||N/A|
|10/25/2016||Q3||($0.25)||($0.39)||$1.44 billion||$1.36 billion||View||Listen|
|7/27/2016||Q216||($0.30)||($0.28)||$1.44 billion||$1.40 billion||View||Listen|
|5/4/2016||Q1||($0.26)||($0.29)||$1.66 billion||$1.59 billion||View||N/A|
|2/3/2016||Q4||($0.19)||($0.13)||$2.00 billion||$2.01 billion||View||N/A|
|10/26/2015||Q315||($0.11)||($0.05)||$2.34 billion||$2.24 billion||View||Listen|
|7/23/2015||Q2||($0.12)||($0.10)||$2.28 billion||$2.39 billion||View||Listen|
|4/22/2015||Q115||$0.01||($0.04)||$3.10 billion||$2.79 billion||View||Listen|
|2/4/2015||Q414||$0.37||$0.32||$3.91 billion||$3.73 billion||View||N/A|
|7/23/2014||Q214||$0.21||$0.24||$3.78 billion||$3.71 billion||View||Listen|
|4/24/2014||Q1||$0.11||$0.13||$3.70 billion||$3.60 million||View||Listen|
|2/26/2014||Q413||$0.07||$0.07||$3.83 billion||$3.74 billion||View||Listen|
|11/5/2013||Q313||$0.22||$0.23||$4.10 billion||$3.82 billion||View||Listen|
|7/30/2013||Q2 2013||$0.15||$0.15||$3.88 billion||$3.87 billion||View||Listen|
|5/2/2013||Q1 2013||$0.15||$0.15||$3.90 billion||$3.84 billion||View||Listen|
Earnings Estimates for Weatherford International PLC (NYSE:WFT)
2017 EPS Consensus Estimate: ($0.80)
2018 EPS Consensus Estimate: ($0.14)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Weatherford International PLC (NYSE:WFT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Weatherford International PLC (NYSE:WFT)
Insider Ownership Percentage: 1.10%Insider Trades by Quarter for Weatherford International PLC (NYSE:WFT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/10/2017||Douglas M Mills||VP||Sell||17,500||$5.19||$90,825.00|| |
|2/28/2017||Douglas M Mills||VP||Sell||14,395||$5.58||$80,324.10|| |
|1/27/2017||Douglas M Mills||VP||Sell||6,462||$5.30||$34,248.60|| |
|1/19/2017||Douglas M Mills||VP||Sell||9,975||$5.35||$53,366.25|| |
|10/7/2016||Douglas M Mills||VP||Sell||12,500||$5.97||$74,625.00|| |
|6/20/2016||Douglas M Mills||CAO||Sell||3,621||$6.11||$22,124.31|| |
|5/9/2016||Douglas M Mills||CAO||Sell||5,070||$5.65||$28,645.50|| |
|5/9/2016||Francis S Kalman||Director||Buy||30,000||$5.29||$158,700.00|| |
|3/1/2016||Douglas M Mills||CAO||Sell||3,984||$6.50||$25,896.00|| |
|1/28/2016||Douglas M Mills||CAO||Sell||4,486||$6.47||$29,024.42|| |
|9/23/2015||Krishna Shivram||CFO||Buy||33,750||$8.83||$298,012.50|| |
|9/22/2015||Bernard J. Duroc-Danner||CEO||Sell||610,482||$9.15||$5,585,910.30|| |
|9/10/2015||David J. Butters||Director||Sell||20,000||$9.84||$196,800.00|| |
|9/3/2015||David J. Butters||Director||Sell||120,000||$9.99||$1,198,800.00|| |
|6/20/2015||Douglas M Mills||CAO||Sell||3,751||$13.01||$48,800.51|| |
|5/26/2015||Douglas M Mills||CAO||Sell||3,524||$14.31||$50,428.44|| |
|5/8/2015||Douglas M Mills||CAO||Sell||10,192||$14.12||$143,911.04|| |
|12/3/2014||John D Gass||Director||Buy||6,000||$13.43||$80,580.00|| |
|10/31/2014||Dharmesh Mehta||EVP||Buy||10,000||$16.00||$160,000.00|| |
|8/6/2014||John D Gass||Director||Buy||2,500||$21.81||$54,525.00|| |
|7/3/2014||William B Jacobson||SVP||Sell||27,234||$22.78||$620,390.52|| |
|2/28/2014||William Jacobson||SVP||Sell||5,000||$16.50||$82,500.00|| |
Headline Trends for Weatherford International PLC (NYSE:WFT)
Latest Headlines for Weatherford International PLC (NYSE:WFT)
Weatherford International PLC (WFT) Chart for Monday, July, 24, 2017