Weatherford International (WFRD) to Release Earnings on Tuesday

Weatherford International (NASDAQ:WFRDGet Free Report) will be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Weatherford International to post earnings of $1.41 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Weatherford International (NASDAQ:WFRDGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.48. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. On average, analysts expect Weatherford International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Weatherford International Stock Performance

Shares of NASDAQ WFRD opened at $112.79 on Friday. Weatherford International has a 12 month low of $55.81 and a 12 month high of $127.45. The company has a 50-day simple moving average of $111.58 and a 200-day simple moving average of $99.63. The company has a market cap of $8.16 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.88 and a beta of 0.73. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.79 and a quick ratio of 1.37.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WFRD shares. Benchmark lifted their price target on shares of Weatherford International from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Raymond James lifted their price target on shares of Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Bank of America lifted their price target on shares of Weatherford International from $123.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Barclays started coverage on shares of Weatherford International in a research report on Wednesday, February 28th. They set an “overweight” rating and a $135.00 price target on the stock. Finally, TheStreet raised shares of Weatherford International from a “c” rating to a “b” rating in a research report on Monday, March 11th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $131.00.

Check Out Our Latest Stock Analysis on Weatherford International

Insider Buying and Selling

In related news, EVP Scott C. Weatherholt sold 40,455 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $98.91, for a total value of $4,001,404.05. Following the transaction, the executive vice president now owns 125,019 shares in the company, valued at $12,365,629.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Scott C. Weatherholt sold 40,455 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $12,365,629.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Girish Saligram sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $103.57, for a total value of $6,214,200.00. Following the completion of the transaction, the chief executive officer now directly owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,455 shares of company stock worth $13,628,764. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Weatherford International

Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in Weatherford International by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the company’s stock worth $1,900,000 after purchasing an additional 178 shares during the last quarter. Toroso Investments LLC grew its position in shares of Weatherford International by 5.1% during the 3rd quarter. Toroso Investments LLC now owns 5,165 shares of the company’s stock worth $467,000 after buying an additional 250 shares during the period. Legal & General Group Plc grew its position in shares of Weatherford International by 31.8% during the 3rd quarter. Legal & General Group Plc now owns 1,141 shares of the company’s stock worth $106,000 after buying an additional 275 shares during the period. Ethic Inc. grew its position in shares of Weatherford International by 9.1% during the 4th quarter. Ethic Inc. now owns 4,047 shares of the company’s stock worth $396,000 after buying an additional 339 shares during the period. Finally, US Bancorp DE grew its position in shares of Weatherford International by 343.9% during the 2nd quarter. US Bancorp DE now owns 546 shares of the company’s stock worth $36,000 after buying an additional 423 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Weatherford International

(Get Free Report)

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.

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Earnings History for Weatherford International (NASDAQ:WFRD)

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