Edition:
United Kingdom

Weatherford International PLC (WFT.N)

WFT.N on New York Stock Exchange

3.34USD
19 Jun 2018
Change (% chg)

-- (--)
Prev Close
$3.34
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
4,805,190
52-wk High
$4.72
52-wk Low
$2.07

Latest Key Developments (Source: Significant Developments)

Superior Drilling Products Announces Joint Market Development Agreement With Weatherford
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Superior Drilling Products Inc ::SUPERIOR DRILLING PRODUCTS, INC. ANNOUNCES JOINT MARKET DEVELOPMENT AGREEMENT WITH WEATHERFORD.SUPERIOR DRILLING PRODUCTS -WEATHERFORD AND CO TO DEMONSTRATE DRILL-N-REAM CAPABILITIES WITH MIDDLE EAST OPERATORS IN SAUDI ARABIA, KUWAIT, OMAN.  Full Article

Weatherford International Says U.S. DoJ Has Cleared Proposed OneStim Joint Venture Between Weatherford And Schlumberger
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Schlumberger NV ::WEATHERFORD INTERNATIONAL PLC - U.S. DEPARTMENT OF JUSTICE HAS CLEARED PROPOSED ONESTIM JOINT VENTURE BETWEEN WEATHERFORD AND SCHLUMBERGER LTD.  Full Article

Weatherford International Q3 loss per share $0.26
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Weatherford International Plc :Weatherford reports third quarter 2017 results.Q3 revenue $1.46 billion versus I/B/E/S view $1.48 billion.Q3 loss per share $0.26.Q3 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Weatherford International Plc - ‍specific actions to achieve $300 million in cost savings are already underway​.Weatherford International Plc - qtrly non-GAAP diluted net loss of $0.22 per share​.Weatherford International Plc - with negative free cash flow during quarter, co's "highest priority is free cash flow generation"​.Weatherford -‍sequentially, Q3 north america revenue up 13% due to higher U.S. Average land rig count, seasonal recovery from spring break-up in Canada​.Weatherford International - initiated transformation program targeting improvements in results of about $1 billion, with timeline of 18-24 mnths ‍​.  Full Article

Weatherford announces closing of registered exchange offer for previously issued 9.875 pct senior notes due 2024
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Weatherford International Plc ::Weatherford announces closing of registered exchange offer for previously issued 9.875% senior notes due 2024.  Full Article

Weatherford appoints Karl Blanchard as Chief Operating Officer
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Weatherford International Plc :Weatherford appoints Karl Blanchard as Chief Operating Officer.Previously, Blanchard spent more than 30 years at Halliburton Company where he held senior leadership positions.  Full Article

Weatherford says as of Sept 27, resolved previously disclosed investigation by SEC
Tuesday, 27 Sep 2016 

Weatherford International Plc : As of september 27, resolved previously disclosed investigation by securities and exchange commission . Penalty of $50 million due within 21 days and three installments of $30 million due within 120, 240 and 360 days . Investigation concerning accounting issues associated with material weakness in internal control over financial reporting for income taxes . As part of terms of sec settlement, company has also agreed to pay a civil monetary penalty of $140 million .Company to prepare and deliver certain reports to sec for next two years.  Full Article

Weatherford Q2 GAAP loss per share $0.63
Wednesday, 27 Jul 2016 

Weatherford International PLC : "completed 92% of previously announced 8,000 headcount reduction plan" . Qtrly North America revenue declined 26%, outperforming a 35% reduction in average rig count and continued pricing headwinds . Weatherford reports second quarter 2016 results . Q2 revenue $1.4 billion versus I/B/E/S view $1.43 billion . Q2 gaap loss per share $0.63 . Q2 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S ."industry has now hit a bottom on both activity and pricing fronts".  Full Article

Weatherford International and units enter into amendment
Friday, 22 Jul 2016 

Weatherford International Plc : Modified existing senior revolving credit facility to make minor changes to certain terms - SEC filing . Co and its units entered into amendment no. 1 to amended and restated credit agreement with JPMorgan Chase Bank, N.A. .Modified senior revolving credit facility to permit lenders to add up to a maximum of $250 million in additional commitments.  Full Article

Deals of the day-Mergers and acquisitions

May 22 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: