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, April, 28th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.31) by $0.01. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 firm's revenue was down 12.6% on a year-over-year basis. During the same period in the prior 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 brokerages have issued 1-year price objectives for Weatherford International PLC's shares. Their forecasts range from $3.75 to $10.00. On average, they expect Weatherford International PLC's stock price to reach $6.69 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 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)

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 trading volume of 24,468,592 shares, the short-interest ratio is currently 6.3 days. Approximately 15.8% of the company's shares are short sold.

Some companies that are related to Weatherford International PLC include Basic Energy Services (BAS), Key Energy Services (KEG), SAExploration Holdings (SAEX), Superior Drilling Products (SDPI), CHC Group Ltd (HELI), 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 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.

Weatherford International PLC's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Aperio Group LLC and Roanoke Asset Management Corp NY. View Insider Buying and Selling for Weatherford International PLC.

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.

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 $4.38.