Weatherford International PLC Company Profile (NYSE:WFT)

Weatherford International PLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFT."

Weatherford International PLC (NYSE:WFT) issued its quarterly earnings data on Friday, April, 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 60.22% and a negative return on equity of 47.36%. The company's revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. View Weatherford International PLC's Earnings History.

Weatherford International PLC is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Weatherford International PLC.

26 analysts have issued 1-year price targets for Weatherford International PLC's shares. Their forecasts range from $3.75 to $10.00. On average, they expect Weatherford International PLC's share price to reach $6.87 in the next year. View Analyst Ratings for Weatherford International PLC.

Here are some recent quotes from research analysts about Weatherford International PLC stock:

• 1. According to Zacks Investment Research, "Weatherford enjoys a leading position in the global oilfield services market. Its broad and technologically complex product/service offerings and growing presence in the Eastern Hemisphere are also encouraging. We appreciate the company’s cost-cutting initiatives, such as reduced headcount, consolidating facilities, to counter the prolonged oil price weakness. In fact, the company achieved cost savings of $601 million during 2016. All these positives are reflected in the company’s share price chart. In the last six months, Weatherford’s stock gained 11.2% compared with only 0.9% increase for the Zacks categorized Oil Field Machinery & Equipment industry. However, Weatherford’s heavy debt burden raises concerns. Also, free cash flow during the 2016 was ($430 million) compared with $61 million a year earlier." (4/6/2017)
• 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)

Weatherford International PLC saw a increase in short interest in June. As of June 15th, there was short interest totalling 148,333,004 shares, an increase of 5.9% from the May 31st total of 157,609,893 shares. Based on an average daily trading volume, of 29,001,875 shares, the days-to-cover ratio is currently 5.1 days. Currently, 15.2% of the shares of the stock are short sold.

Some companies that are related to Weatherford International PLC include Basic Energy Services (BAS), Key Energy Services (KEG), SAExploration Holdings (SAEX), CHC Group Ltd (HELI), Superior Drilling Products (SDPI), C&J Energy Services (CJES), Forbes Energy Services (FES), Glori Energy Inc Com (GLRI), GulfMark Offshore (GLF) and Seventy Seven Energy (SSE).

Weatherford International PLC's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.35%), State Street Corp (4.97%), Van ECK Associates Corp (2.50%), Wedge Capital Management L L P NC (1.72%), ARGA Investment Management LP (1.39%) and Thrivent Financial For Lutherans (1.04%). 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.

Weatherford International PLC's stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Wedge Capital Management L L P NC, Schneider Capital Management Corp, Teacher Retirement System of Texas, Marshall Wace LLP, Schroder Investment Management Group, Nationwide Fund Advisors and Dynamic Capital Management Ltd. View Insider Buying and Selling for Weatherford International PLC.

Weatherford International PLC's stock was bought by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, State Street Corp, Vanguard Group Inc., Harris Associates L P, Jennison Associates LLC and KBC Group NV. 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.

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.

One share of Weatherford International PLC stock can currently be purchased for approximately $3.77.