Weatherford International PLC (WFT) to Post Q1 2018 Earnings of ($0.12) Per Share, Capital One Financial Corporation Forecasts

Weatherford International PLC (NYSE:WFT) – Equities researchers at Capital One Financial Corporation issued their Q1 2018 earnings estimates for shares of Weatherford International PLC in a research report issued on Monday. Capital One Financial Corporation analyst L. Lemoine forecasts that the oil and gas company will earn ($0.12) per share for the quarter. Capital One Financial Corporation also issued estimates for Weatherford International PLC’s Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.07) EPS and Q4 2018 earnings at ($0.04) EPS.

Several other research firms have also weighed in on WFT. Zacks Investment Research upgraded shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Royal Bank Of Canada restated a “buy” rating and set a $8.00 price objective on shares of Weatherford International PLC in a research note on Monday, April 3rd. Jefferies Group LLC set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “hold” rating in a research note on Monday, April 3rd. Goldman Sachs Group, Inc. (The) lowered shares of Weatherford International PLC from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $6.33 to $7.00 in a research note on Wednesday, April 12th. Finally, Scotiabank set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “hold” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $6.52.

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Weatherford International PLC (WFT) traded down 0.785% during trading on Tuesday, reaching $4.425. 6,740,608 shares of the company’s stock traded hands. The firm’s market cap is $4.36 billion. The firm has a 50 day moving average price of $4.08 and a 200-day moving average price of $5.26. Weatherford International PLC has a 12 month low of $3.39 and a 12 month high of $7.09.

Weatherford International PLC (NYSE:WFT) last posted its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 61.15%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share.

In related news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $5.19, for a total value of $90,825.00. Following the completion of the transaction, the vice president now owns 296,625 shares of the company’s stock, valued at approximately $1,539,483.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Baldwin Brothers Inc. MA acquired a new position in Weatherford International PLC during the first quarter valued at about $100,000. Sumitomo Mitsui Asset Management Company LTD increased its position in Weatherford International PLC by 13.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 1,899 shares during the last quarter. Laurion Capital Management LP acquired a new position in Weatherford International PLC during the first quarter valued at about $109,000. BKD Wealth Advisors LLC increased its position in Weatherford International PLC by 9.5% in the first quarter. BKD Wealth Advisors LLC now owns 16,884 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 1,471 shares during the last quarter. Finally, Two Sigma Securities LLC increased its position in Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,238 shares during the last quarter.

About Weatherford International PLC

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.

Earnings History and Estimates for Weatherford International PLC (NYSE:WFT)

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