Weatherford International (NASDAQ:WFRD – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09, Briefing.com reports. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 58.17%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share.
Weatherford International Stock Up 5.9 %
Shares of NASDAQ WFRD opened at $125.01 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.37 and a current ratio of 1.79. Weatherford International has a 52 week low of $55.81 and a 52 week high of $127.45. The stock has a market capitalization of $9.04 billion, a P/E ratio of 20.23, a PEG ratio of 0.94 and a beta of 0.73. The stock’s fifty day moving average is $112.90 and its 200 day moving average is $100.33.
Insider Buying and Selling
In other Weatherford International news, EVP Scott C. Weatherholt sold 40,455 shares of Weatherford International stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. In other Weatherford International news, CEO Girish Saligram sold 60,000 shares of Weatherford International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $103.57, for a total value of $6,214,200.00. Following the completion of the sale, the chief executive officer now directly owns 146,895 shares in the company, valued at $15,213,915.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott C. Weatherholt sold 40,455 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 125,019 shares of the company’s stock, valued at approximately $12,365,629.29. 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. Company insiders own 2.20% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on Weatherford International
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.
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