[PRNewswire] Weatherford International Plc (NYSE:WFT) (TREND ANALYSIS) reported net income before charges of $252 million ($0.32 diluted earnings per share non-GAAP) on revenues of $3.73 billion for the fourth quarter of 2014.
Full Year 2014 Highlights
Margin improvement of 24% and non-GAAP earnings per share improvement of 67% from 2013;
Non-core divestiture proceeds over $1.7 billion;
Net Debt reduction over $1.2 billion;
Annualized pre-tax cost reduction of $500 million; and
Multiple U.S. government agency investigations settled.
Fourth Quarter 2014 Highlights
Completed the sale of our Engineered Chemistry and Integrity Drilling Fluids businesses;
Completed the sale of our investment in Proserv Group Inc.;
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Weatherford International public limited company (NYSE:WFT) is currently trading 51.89% below its 52-week-high, 27.34% above its 52-week-low and in the range of $9.4-$12.4 over the past month. The 1-year range for the stock is $9.4-$24.88. Weatherford International public limited company (WFT) has a price to book ratio of 1.18 versus SP 500 average of 2.82. The company’s share price has outperformed the SP 500 year to date by over 4.05%.
The company is currently valued at $9.26 billion and closed the last trading session at $11.97. The stock has 50-day moving average of $11.28 and a 200-day moving average of $18.33.
Weatherford International public limited company (WFT) current short interest stands at 18,809,138 shares. It has increased by 12% from the same period of last month. Around 2.7% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 10,106,774 shares, the number of days required to cover the short positions stand at 2 days.
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There are currently thirty-three analysts that we track that cover WFT. Of those thirty-three, seventeen have a buy rating, thirteen have a hold rating, and three have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $13.57 which represents an upside of 13.35% from the last closing price of $11.97.
Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $13.23 has been given to the stock, which represents an upside of 10.55% from the last closing price.
Indeed, Jefferies maintained their hold stance on February 10th, with a target price of $12, which represents an upside of 0.25% from the last closing price. Another research firm, Societe Generale, reiterated their buy stance on February 09th, with a target price of $13.5, which translates into an upside of 12.78%. Finally, RBC Capital Markets maintained their sector perform stance on February 05th, with a target price of $15.
Company Profile
Weatherford International plc is a Swiss-based, multinational oilfield service company. The Company provides mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry.
