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: $3.72 billion
- Outstanding Shares: 985,750,000
- 50 Day Moving Avg: $4.82
- 200 Day Moving Avg: $5.53
- 52 Week Range: $3.69 - $7.09
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -16.39
- P/E Growth: 0.17
- Annual Revenue: $5.55 billion
- Price / Sales: 0.67
- Book Value: $1.66 per share
- Price / Book: 2.27
- 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: 23.29 million shs.
- Beta: 2.34
- Short Ratio: 6.9
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 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.
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 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.
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 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)
Are investors shorting Weatherford International PLC?
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.
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 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.
Who sold Weatherford International PLC stock? Who is selling Weatherford International PLC stock?
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.
Who bought Weatherford International PLC stock? Who is buying Weatherford International PLC stock?
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.
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 $3.77.
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, 6 Hold Ratings, 19 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.69)|
|Consensus Price Target: ||$6.87 (82.14% upside)|
Analysts' Ratings History for Weatherford International PLC (NYSE:WFT)
(Data available from 6/28/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|5/2/2017||BMO Capital Markets||Reiterated Rating||Buy||$7.00||High|
|5/1/2017||Scotiabank||Set Price Target||Hold||$6.00||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|
|12/1/2016||Sanford C. Bernstein||Initiated Coverage||In-Line -> Outperform||$7.00||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|
|7/7/2015||Griffin Securities||Initiated Coverage||Buy||$18.00||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|
|7/27/2017|| || || || || || || || |
|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 Wednesday, June, 28, 2017