News coverage about Weatherford International (NYSE:WFT) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weatherford International earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.158067750429 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Weatherford International plc (WFT) Expected to Post Quarterly Sales of $1.52 Billion (americanbankingnews.com)
- Weatherford CEO McCollum expects 2018 EBITDA to nearly double (seekingalpha.com)
- Weatherford CEO expects 2018 EBITDA to nearly double (finance.yahoo.com)
- Why Bond Market Volatility Matters (investingdaily.com)
- Brokerages Anticipate Weatherford International plc (WFT) to Post -$0.12 EPS (americanbankingnews.com)
Several equities research analysts have recently weighed in on WFT shares. Zacks Investment Research upgraded Weatherford International from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Credit Suisse Group set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a research note on Thursday, May 24th. BMO Capital Markets set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Jefferies Financial Group set a $4.00 target price on Weatherford International and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, Tudor Pickering upgraded Weatherford International from a “sell” rating to a “buy” rating in a research note on Monday, August 20th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Weatherford International currently has an average rating of “Buy” and a consensus price target of $4.67.
WFT opened at $2.26 on Thursday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -1.95 and a beta of 2.41. Weatherford International has a 52 week low of $2.07 and a 52 week high of $4.72. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of -5.82.
Weatherford International (NYSE:WFT) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Weatherford International had a negative return on equity of 283.53% and a negative net margin of 46.44%. Weatherford International’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted ($0.28) EPS. equities research analysts forecast that Weatherford International will post -0.56 EPS for the current fiscal year.
In other Weatherford International news, Director William E. Macaulay sold 767,591 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $2.86, for a total transaction of $2,195,310.26. Following the transaction, the director now owns 399,443 shares of the company’s stock, valued at approximately $1,142,406.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.
About Weatherford International
Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.
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