Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $14.51 USD
Change Today -0.12 / -0.82%
Volume 8.7M
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

weatherford international pl (WFT) Snapshot

Open
$14.73
Previous Close
$14.63
Day High
$14.81
Day Low
$14.42
52 Week High
07/24/14 - $24.88
52 Week Low
01/15/15 - $9.40
Market Cap
11.2B
Average Volume 10 Days
13.4M
EPS TTM
$0.41
Shares Outstanding
774.8M
EX-Date
--
P/E TM
35.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEATHERFORD INTERNATIONAL PL (WFT)

weatherford international pl (WFT) Related Businessweek News

View More BusinessWeek News

weatherford international pl (WFT) Details

Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers managed-pressure drilling services, including closed-loop, air, managed 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; testing and production services; re-entry, fishing, and thru-tubing services; equipment for cementing operations; liner systems, such as liner hangers; 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, 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. Weatherford International public limited company founded in 1972 and is headquartered in Zug, Switzerland.

56,000 Employees
Last Reported Date: 02/18/15
Founded in 1972

weatherford international pl (WFT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.9M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $750.0K
Executive Vice President of Corporate Strateg...
Total Annual Compensation: $744.2K
Chief Accounting Officer and Vice President
Total Annual Compensation: $347.3K
Compensation as of Fiscal Year 2014.

weatherford international pl (WFT) Key Developments

Weatherford International plc and Colombian Oil Workers Union Reach Agreement

Colombian oil workers union USO and Weatherford International have reached an agreement after 28 days of strike action. The union activities, which included picket lines at four company plants, were in response to the dismissal of 150 workers by the oil services firm, including USO members. The agreement drawn up between the company and the union will allow 27 workers initially laid off to resume their previous positions and receive 50% of the respective salaries for the days during which they were out of work.

Weatherford International plc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Free Cash Flow and Capital Expenditure Guidance for the Full Year of 2015

Weatherford International plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total net revenues of $2,794 million against $3,596 million a year ago. Total operating income was $50 million against $130 million a year ago. Net loss before income taxes was $107 million against $5 million a year ago. Net loss was $107 million against $32 million a year ago. Net loss attributable to company was $118 million or $0.15 per share basic and diluted against $41 million or $0.05 per share basic and diluted a year ago. Non-GAAP operating income was $118 million against $286 million a year ago. Non-GAAP loss before income taxes was $13 million against non-GAAP income before income tax of $151 million a year ago. Non-GAAP net loss was $33 million or $0.04 per share diluted against non-GAAP net income of $99 million or $0.13 per share diluted a year ago. Net debt was $7,320 million against $8,955 million a year ago. Net cash used in operating activities was $42 million against $406 million a year ago. New AFEs approved in the first quarter for capital expenditure dropped to less than $200 million for the first time in several years. These 2 data points all gear well for its input costs, inventory levels and CapEx. Capital expenditure plan for the year has been revised down by another $50 million to $850 million, which is 41% lower than 2014 levels. With the second half of the year seasonally better, from a cash flow perspective, the company fully expects and it is very confident to be free cash flow positive for the year.

Weatherford International plc Plans to Shut Down and Consolidate 60 Operating Facilities Across North America by the End of 2015

Weatherford International plc announced that due to the changing market conditions, it will continue aligning and reducing it cost as well as organizational structures. The company has increased its 2015 reduction in force exercise to target 10,000 positions, in place of the previously announced 8,000, with the bulk of the increase coming in North America. The company plans to complete the terminations by the end of the second quarter, generating expected annualized savings of $640 million. The company had planned to shut down seven manufacturing facilities in the year. The company also has plans to shut down and consolidate 60 operating facilities across North America by the end of 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WFT:US $14.51 USD -0.12

WFT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cameron International Corp $54.34 USD -0.21
Chicago Bridge & Iron Co NV $49.78 USD -0.09
Jacobs Engineering Group Inc $42.89 USD +0.14
Saipem SpA €12.00 EUR +0.14
Technip SA €62.60 EUR +1.73
View Industry Companies
 

Industry Analysis

WFT

Industry Average

Valuation WFT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WEATHERFORD INTERNATIONAL PL, please visit www.weatherford.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.