Weatherford International Plc (NYSE:WFT) VP Douglas M. Mills sold 17,931 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total value of $77,820.54. Following the completion of the sale, the vice president now directly owns 238,471 shares of the company’s stock, valued at $1,034,964.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Weatherford International Plc (WFT) traded up $0.03 during trading on Friday, reaching $4.23. The company’s stock had a trading volume of 1,230,373 shares, compared to its average volume of 23,564,875. Weatherford International Plc has a 12-month low of $3.08 and a 12-month high of $7.09. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. The company has a market cap of $4,170.00, a price-to-earnings ratio of -2.94 and a beta of 2.32.
Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted ($0.39) EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts expect that Weatherford International Plc will post -1.02 earnings per share for the current year.
WFT has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Sanford C. Bernstein raised Weatherford International from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Citigroup cut Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price objective for the company. in a research report on Monday, November 6th. Jefferies Group set a $5.00 price objective on Weatherford International and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut Weatherford International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $5.77.
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Weatherford International Company Profile
Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.
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