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) released its earnings results on Friday, July, 28th. The company reported ($0.28) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.28). The firm earned $1.36 billion during the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The company's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.28) EPS. View Weatherford International PLC's Earnings History.

Weatherford International PLC is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Weatherford International PLC.

25 equities research analysts have issued 1 year price targets for Weatherford International PLC's shares. Their forecasts range from $3.75 to $8.00. On average, they expect Weatherford International PLC's share price to reach $6.15 in the next twelve months. 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 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 2017 so far. Further, cash balance plunged by over 43% so far this year. 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." (10/17/2017)
• 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 drop in short interest in the month of September. As of September 29th, there was short interest totalling 122,801,415 shares, a drop of 15.5% from the September 15th total of 145,282,828 shares. Based on an average trading volume of 16,971,207 shares, the short-interest ratio is currently 7.2 days. Approximately 12.6% of the company's shares are sold short.

Some companies that are related to Weatherford International PLC include Shawcor Ltd (SCL), Mullen Group Ltd (MTL), Enerflex Ltd (EFX), Pason Systems (PSI), Trican Well Service Ltd (TCW), Secure Energy Services (SES), Precision Drilling (PD), Total Energy Services (TOT), Basic Energy Services (BAS), Horizon North Logistics (HNL), Key Energy Services (KEG), High Arctic Energy Services (HWO), North American Energy Partners (NOA), Strad Energy Services Ltd (SDY), Essential Energy Services Ltd (ESN), McCoy Global (MCB), Petrowest Corp (PRW) and SAExploration Holdings (SAEX).

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 $3.70.