Weatherford International (WFRD) Set to Announce Quarterly Earnings on Wednesday

Weatherford International (NASDAQ:WFRD) will announce its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.97 EPS. Weatherford International’s revenue for the quarter was up 14.5% on a year-over-year basis. 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 Trading Up 1.2 %

NASDAQ WFRD opened at $132.23 on Tuesday. Weatherford International has a 1-year low of $76.07 and a 1-year high of $135.00. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $120.55 and a 200-day moving average of $112.66. The firm has a market cap of $9.67 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.87 and a beta of 0.64.

Insider Transactions at Weatherford International

In related news, Director Charles M. Sledge sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the sale, the director now owns 32,729 shares in the company, valued at approximately $4,041,049.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

WFRD has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research report on Wednesday, April 24th. Evercore ISI upped their price target on Weatherford International from $130.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Citigroup initiated coverage on Weatherford International in a research report on Tuesday, May 14th. They set a “buy” rating and a $155.00 price target for the company. Barclays upped their price target on Weatherford International from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Raymond James increased their target price on Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Weatherford International has a consensus rating of “Buy” and an average target price of $152.50.

Weatherford International Company Profile

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.