Last $12.47 USD
Change Today +0.77 / 6.58%
Volume 19.2M
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

weatherford international pl (WFT) Snapshot

Open
$11.91
Previous Close
$11.70
Day High
$12.51
Day Low
$11.69
52 Week High
07/24/14 - $24.88
52 Week Low
12/16/14 - $10.07
Market Cap
9.6B
Average Volume 10 Days
15.0M
EPS TTM
$0.74
Shares Outstanding
773.8M
EX-Date
--
P/E TM
16.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEATHERFORD INTERNATIONAL PL (WFT)

weatherford international pl (WFT) Related Businessweek News

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weatherford international pl (WFT) Details

Weatherford International plc provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers controlled-pressure drilling and testing services, including closed-loop, air, controlled pressure, and underbalanced drilling; drilling services, such as directional drilling, logging while drilling, measurement while drilling, and rotary steerable systems; and tubular running services, which consist of tubular connection and installation services for the drilling, completion, and work over of oil or natural gas wells. It also provides drilling tools comprising drilling jars, under reamers, rotating control devices, down hole tools, drill pipe and related tools, tubular handling equipment, and other pressure-control equipment; drilling and project management services; wire line services; re-entry, fishing, and thru-tubing services; equipment for cementing operations; liner systems, such as liner hangers; and integrated laboratory services; and surface logging systems. In addition, the company offers artificial lift systems that include reciprocating rod lift systems, progressing cavity pumps, gas lift systems, hydraulic lift systems, plunger lift systems, hybrid lift systems, and wellhead systems to produce oil or natural gas from the wells; stimulation and chemicals, including pressure pumping services, coiled tubing services equipment, and reservoir stimulation hydraulic fracturing services; and completion tools, such as cased hole and flow control systems, and well, industrial, and sand screens, as well as completion services, including upper and lower completions, and reservoir monitoring. Further, it provides services, such as inspecting, cleaning, drying, testing, improving production, running, or establishing integrity from the wellhead out, including integrated management services. The company was founded in 1972 and is headquartered in Geneva, Switzerland.

67,000 Employees
Last Reported Date: 02/25/14
Founded in 1972

weatherford international pl (WFT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.9M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $416.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $949.2K
Compensation as of Fiscal Year 2013.

weatherford international pl (WFT) Key Developments

Weatherford International plc Appoints Mohamed A. Awad as a Member of the Board

On November 24, 2014, the Board of Directors of Weatherford International plc appointed Mr. Mohamed A. Awad as a member of the Board. Mr. Awad is expected to be added to the Board's Health, Safety and Environment Committee at the next scheduled meeting of the Board. Mr. Awad is a retired executive who most recently served as Chairman of Schlumberger Middle East and Asia, a role he held from 2001 to 2012. Mr. Awad joined Schlumberger in 1981 and over the next 30 years held positions of increasing responsibility, both domestically and abroad, including in the wireline, well services, drilling and measurement, and oilfield services groups.

Weatherford International plc Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 12:10 PM

Weatherford International plc Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 12:10 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Krishna Shivram, Chief Financial Officer and Executive Vice President.

Weatherford International Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Weatherford International Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $3,877 million compared to $3,820 million a year ago. Operating income was $318 million compared to $239 million a year ago. Income before income taxes were $187 million compared to $80 million a year ago. Net income attributable to company was $77 million or $0.10 per basic and diluted share compared to $22 million or $0.03 per basic and diluted share a year ago. Non-GAAP operating income was $481 million compared to $392 million a year ago. Non-GAAP income before income taxes was $350 million compared to $233 million a year ago. Non-GAAP net income was $248 million compared to $177 million a year ago. Non-GAAP diluted earnings per share were $0.32 compared to $0.23 a year ago. Net cash provided by operating activities was $350 million compared to $326 million a year ago. Capital expenditures for property, plant and equipment was $383 million compared to $365 million a year ago. Free cash flow was $33 million compared to $39 million a year ago. Net debt as on September 30, 2014 was $8,137 million against as on June 30, 2014 was $8,854 million. Net debt reduced by $717 million during the third quarter, reflecting the receipt of $746 million of divestiture proceeds during the quarter. This was slightly offset by a negative $33 million of free cash flow from operations. Revenue for the quarter increased 4% sequentially and 8% excluding the impact of the divested businesses in both quarters. For the nine months, the company reported net revenues of $11,184 million compared to $11,525 million a year ago. Operating income was $473 million compared to $573 million a year ago. Income before income taxes were $60 million compared to $24 million a year ago. Net loss attributable to company was $109 million or $0.14 per basic and diluted share compared to $74 million or $0.10 per basic and diluted share a year ago. Non-GAAP operating income was $1,166 million compared to $995 million a year ago. Non-GAAP income before income taxes was $753 million compared to $546 million a year ago. Non-GAAP net income was $533 million compared to $410 million a year ago. Non-GAAP diluted earnings per share were $0.68 compared to $0.53 a year ago. Net cash provided by operating activities was $379 million compared to $567 million a year ago. Capital expenditures for property, plant and equipment was $1,045 million compared to $1,211 million a year ago. Free cash flow was $666 million compared to $644 million a year ago. The company expects the fourth quarter of 2014 to show higher revenue and operating income in North America, with the U.S. benefiting from continuing growth across all core product lines and also by an improvement in stimulation margins with higher activity levels driven by increased well service intensity as well as a lower operating cost structure. The tax rate for the fourth quarter will be in the mid-twenties and will be dependent on the geographic mix of earnings. The company fully expects to generate higher levels of free cash flow in the fourth quarter resulting in positive free cash flow for the year. The company expects to reduce net debt to be in the range of $7.0 billion to $7.5 billion by year-end. The company continues to project core operating margins to exit near 20% in the fourth quarter.

 

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