Weatherford International (NASDAQ:WFRD – Get Free Report) announced its quarterly 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 Stock Up 0.4 %
Shares of NASDAQ:WFRD traded up $0.25 during trading on Wednesday, hitting $65.25. 1,925,635 shares of the company’s stock traded hands, compared to its average volume of 1,225,085. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $72.68 and a 200-day moving average price of $87.21. Weatherford International has a 52 week low of $60.45 and a 52 week high of $135.00. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.61.
Insider Buying and Selling
In other Weatherford International news, EVP David John Reed sold 4,762 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 11,109 shares of the company’s stock, valued at $807,179.94. The trade was a 30.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total value of $2,944,895.85. Following the completion of the sale, the executive vice president now directly owns 125,019 shares of the company’s stock, 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. 1.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on WFRD
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.
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