Weatherford International (NASDAQ:WFRD) Announces Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Weatherford International (NASDAQ:WFRD) released its earnings results on Wednesday. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.30), Zacks reports. Weatherford International had a net margin of 9.65% and a return on equity of 46.25%.

Weatherford International Trading Up 0.2 %

NASDAQ WFRD traded up $0.15 during trading hours on Thursday, hitting $65.40. The company’s stock had a trading volume of 848,671 shares, compared to its average volume of 1,205,963. The stock has a fifty day moving average of $72.33 and a 200 day moving average of $87.06. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. Weatherford International has a twelve month low of $60.45 and a twelve month high of $135.00. The firm has a market capitalization of $4.75 billion, a P/E ratio of 9.18, a PEG ratio of 1.35 and a beta of 0.61.

Insider Buying and Selling at Weatherford International

In related news, EVP David John Reed sold 4,762 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total transaction of $346,006.92. Following the sale, the executive vice president now owns 11,109 shares of the company’s stock, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

WFRD has been the subject of a number of research reports. Bank of America decreased their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Citigroup lowered their target price on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a report on Thursday, October 24th. Evercore ISI lowered their price objective on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays reduced their target price on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.25.

About Weatherford International

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.