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

Weatherford International PLC is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Weatherford International PLC.

25 brokerages have issued 12 month price objectives for Weatherford International PLC's shares. Their forecasts range from $3.75 to $8.00. On average, they anticipate Weatherford International PLC's share price to reach $6.39 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. Despite these efforts, the company’s second quarter revenue missed the Zacks Consensus Estimate. The company’s price chart also underperformed the broader market indices over the last three months. Volatile gas prices also remain a drag. Given these headwinds, we expect shares of Weatherford to be under pressure in the near future. Moreover, Weatherford’s debt-heavy balance sheet and weakness in generating free cash are other concerns." (8/2/2017)
• 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 decline in short interest in July. As of July 31st, there was short interest totalling 143,856,654 shares, a decline of 6.4% from the July 14th total of 153,767,360 shares. Based on an average daily volume of 19,015,509 shares, the days-to-cover ratio is currently 7.6 days. Approximately 14.8% of the shares of the company are sold short.

Some companies that are related to Weatherford International PLC include Shawcor Ltd (SCL), Mullen Group Ltd (MTL), Pason Systems (PSI), Enerflex Ltd (EFX), Secure Energy Services (SES), Trican Well Service Ltd (TCW), Total Energy Services (TOT), Basic Energy Services (BAS), Key Energy Services (KEG), High Arctic Energy Services (HWO), Horizon North Logistics (HNL), North American Energy Partners (NOA), Essential Energy Services Ltd (ESN), SAExploration Holdings (SAEX), Deep Down (DPDW), Bri-Chem Corp (BRY), Superior Drilling Products (SDPI) and CHC Group Ltd (HELI).

Weatherford International PLC's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.44%), Dodge & Cox (8.43%), Harris Associates L P (6.18%), State Street Corp (5.11%), Wedge Capital Management L L P NC (2.96%) and Van ECK Associates Corp (2.41%). 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 Scepter Holdings Inc., ARGA Investment Management LP, Pine River Capital Management L.P., KBC Group NV, Sei Investments Co., Precocity Capital LP, Van ECK Associates Corp and New York State Common Retirement Fund. 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 Harris Associates L P, Wedge Capital Management L L P NC, Hotchkis & Wiley Capital Management LLC, Thrivent Financial For Lutherans, Poplar Forest Capital LLC, GMT Capital Corp, Marshall Wace LLP and Teachers Advisors LLC. 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 $4.01.