WFT - Weatherford International plc

NYSE - Nasdaq Real Time Price. Currency in USD
0.3656
0.0000 (0.00%)
At close: 4:02PM EDT
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Previous Close0.3656
Open0.3649
Bid0.0000 x 1000
Ask0.0000 x 21500
Day's Range0.3599 - 0.4083
52 Week Range0.0480 - 3.7100
Volume42,471,610
Avg. Volume26,276,118
Market Cap366.817M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • Support For Weatherford's Restructuring Agreement Increases To 74% Of Outstanding Senior Unsecured Notes
    PR Newswire8 days ago

    Support For Weatherford's Restructuring Agreement Increases To 74% Of Outstanding Senior Unsecured Notes

    The proposed comprehensive financial restructuring contemplated by the Restructuring Agreement would significantly reduce the Company's long-term debt and related interest costs, provide access to additional financing, and establish a more sustainable capital structure.  The Company and noteholder parties to the Restructuring Agreement are in the process of negotiating definitive documentation relating to the transactions contemplated by the Restructuring Agreement, including commitments for debtor-in-possession financing facilities.

  • Weatherford Reaches Agreement With Senior Noteholders On Terms Of Comprehensive Financial Restructuring To Create Sustainable Capital Structure And Greatly Enhance Liquidity
    PR Newswire14 days ago

    Weatherford Reaches Agreement With Senior Noteholders On Terms Of Comprehensive Financial Restructuring To Create Sustainable Capital Structure And Greatly Enhance Liquidity

    BAAR, Switzerland, May 10, 2019 /PRNewswire/ -- Weatherford International plc (WFT) ("Weatherford" or the "Company") announced today that it has executed a restructuring support agreement (the "Restructuring Agreement") with a group of its senior noteholders (the "Ad Hoc Noteholder Group") that collectively holds or controls approximately 62% of the Company's senior unsecured notes. The proposed comprehensive financial restructuring would significantly reduce the Company's long-term debt and related interest costs, provide access to additional financing and establish a more sustainable capital structure.

  • Weatherford Announces Postponement of First Quarter 2019 Earnings Release
    PR Newswire17 days ago

    Weatherford Announces Postponement of First Quarter 2019 Earnings Release

    BAAR, Switzerland , May 7, 2019 /PRNewswire/ -- Weatherford International plc (NYSE:WFT) (the "Company") today announced that it has postponed its first quarter 2019 earnings release until Friday, ...

  • Weatherford Launches Victus™ Intelligent Managed Pressure Drilling
    PR Newswire19 days ago

    Weatherford Launches Victus™ Intelligent Managed Pressure Drilling

    The Industry's Only Intelligent MPD System Developed With Over 3.5 Million Hours of MPD Field Data BAAR, Switzerland, May 6, 2019 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) (the "Company" ...

  • PR Newswire24 days ago

    Weatherford Releases ForeSite® Edge, Delivers Production 4.0 Intelligence and Autonomous Well Management

    Achieves Continuous Production Performance through Continuous Real-Time Data and Engineering Models at the Edge BAAR, Switzerland , May 1, 2019 /PRNewswire/ --   Weatherford International plc (NYSE: WFT) ...

  • Weatherford Completes Sale of Surface Data Logging Business
    PR Newswire25 days ago

    Weatherford Completes Sale of Surface Data Logging Business

    BAAR, Switzerland, April 30, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of its surface data logging business to Excellence Logging for $50 million in total consideration. In December 2018, the Company signed a definitive agreement to sell all of its surface data logging equipment, technology and associated contracts to Excellence Logging. The transaction is one in a series of planned divestitures to refocus the Company's portfolio on core businesses most closely aligned with its long-term strategy and to reduce its debt.

  • Weatherford Completes Sale of Laboratory Services Business
    PR Newswire25 days ago

    Weatherford Completes Sale of Laboratory Services Business

    BAAR, Switzerland, April 30, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of its laboratory services business to a group led by CSL Capital Management, L.P. ("CSL Capital") for $206 million in cash. In October 2018, the Company signed a definitive agreement to divest its laboratory and geological analysis business, including personnel and associated contracts. The transaction is one in a series of planned divestitures to refocus the Company's portfolio on core businesses most closely aligned with its long-term strategy and to reduce its debt. "We are pleased to close this transaction with CSL Capital Management, which has a strong track record of investing in energy services," said Mark A. McCollum, President and Chief Executive Officer of Weatherford.

  • Weatherford Subsea Wellhead Retrieval System Named Top Industry Engineering Innovation
    PR Newswirelast month

    Weatherford Subsea Wellhead Retrieval System Named Top Industry Engineering Innovation

    BAAR, Switzerland, April 10, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") announced today that the most recent version of the Company's subsea wellhead retrieval system, known as M.O.S.T. Plus (Mechanical Outside-latch Single-Trip), has won the Meritorious Award for Engineering Innovation from Hart Energy. As a world leader in abandonment technologies and solutions, Weatherford designed M.O.S.T. Plus on its legacy M.O.S.T. technology, "the industry's leading subsea wellhead cutting and retrieval tool for more than 25 years," according to Dean Bell, President, Well Construction, Weatherford. "The M.O.S.T. Plus tool uses proprietary Weatherford technology to reduce rig time by cutting and recovering multiple cemented or uncemented strings in a single trip.

  • Weatherford Announces Conference Call
    PR Newswire2 months ago

    Weatherford Announces Conference Call

    BAAR, Switzerland , April 2, 2019 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) today announced a conference call scheduled for Wednesday, May 8, 2019 , at 8:30 a.m. Eastern Time (ET).  The ...

  • Weatherford Introduces World's First Remote-Activated, Single-Trip Deepwater Completion System
    PR Newswire2 months ago

    Weatherford Introduces World's First Remote-Activated, Single-Trip Deepwater Completion System

    BAAR, Switzerland, March 26, 2019 /PRNewswire/ -- Weatherford International plc (WFT) has brought to market the world's first remote-activated, single-trip deepwater completion system. "Weatherford's TR1P advanced deployment system has set a new industry benchmark for completion installations, especially in deepwater environments," said Mark Hopmann, President, Completions for Weatherford.

  • Weatherford Completes Sale of Land Drilling Rigs
    PR Newswire2 months ago

    Weatherford Completes Sale of Land Drilling Rigs

    BAAR, Switzerland, March 25, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of two land drilling rigs that were relocated in Algeria and has delivered two idle land drilling rigs from Iraq. In July 2018, a subsidiary of Weatherford signed definitive agreements with ADES International Holding PLC for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million (the "Transaction").

  • Weatherford Completes Sale of Algeria Land Drilling Rigs
    PR Newswire3 months ago

    Weatherford Completes Sale of Algeria Land Drilling Rigs

    BAAR, Switzerland, Feb. 27, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of four contracted drilling rigs in Algeria. The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria. This will complete the sale of Weatherford's land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer contracts to ADES International Holding PLC for $60 million in cash.

  • GlobeNewswire3 months ago

    Analysis: Positioning to Benefit within Weatherford International, NiSource, Palatin Technologies, Astronics, MaxLinear, and FutureFuel — Research Highlights Growth, Revenue, and Consolidated Results

    NEW YORK, Feb. 26, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Weatherford Announces Closing Of Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025
    PR Newswire4 months ago

    Weatherford Announces Closing Of Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025

    BAAR, Switzerland, Feb. 1, 2019 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") announced today that Weatherford International, LLC ("Weatherford Delaware"), a Delaware limited liability company and indirect, wholly owned subsidiary of the Company, has completed its offer to exchange up to $600 million aggregate principal amount of its 9.875% Senior Notes due 2025, which were issued in a private placement on February 28, 2018 (the "Private Notes"), for up to $600 million aggregate principal amount of 9.875% Senior Notes due 2025 that have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"). The exchange offer, which expired at 5:00 p.m., New York City time, on January 28, 2019, fulfilled the Company's obligations with respect to the registration of the Private Notes.

  • Weatherford Reports Fourth Quarter 2018 Results
    PR Newswire4 months ago

    Weatherford Reports Fourth Quarter 2018 Results

    BAAR, Switzerland , Feb. 1, 2019 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss of $2.1 billion , or a loss of $2.10 per share, for the fourth quarter of 2018. This compares ...

  • ACCESSWIRE5 months ago

    Oversold Opportunities Rallying You Need to Know

    HENDERSON, NV / ACCESSWIRE / January 8, 2019 / 2018 was the worst year for stocks in 10 years, this is great news for bargain hunters in 2019. Several strong companies became oversold and as the market ...

  • Weatherford Announces Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025
    PR Newswire5 months ago

    Weatherford Announces Registered Exchange Offer For Previously Issued 9.875% Senior Notes Due 2025

    BAAR, Switzerland , Dec. 27, 2018 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") announced today that Weatherford International, LLC (" ...

  • Weatherford Announces Sale of Surface Data Logging Business
    PR Newswire5 months ago

    Weatherford Announces Sale of Surface Data Logging Business

    BAAR, Switzerland, Dec. 17, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has signed a definitive agreement to sell its surface data logging business to Excellence Logging for $50 million in cash. As part of the agreement, Weatherford will sell all of its surface data logging equipment, technology and associated contracts and will transfer the related personnel to Excellence Logging. While with this transaction Weatherford will exit the surface data logging business, it plans to continue to maintain a close and collaborative relationship with Excellence Logging to provide bundled and integrated services to its customers including surface data logging.

  • Weatherford Receives Notice from NYSE regarding Continued Listing Standard
    PR Newswire5 months ago

    Weatherford Receives Notice from NYSE regarding Continued Listing Standard

    BAAR, Switzerland, Dec. 14, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has received written notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its ordinary shares had fallen below $1.00 per share over a period of 30 consecutive trading days. In accordance with applicable NYSE procedures, the Company plans to timely notify the NYSE that it intends to cure the $1.00 per share deficiency and has six months following the receipt of the noncompliance notice to cure the deficiency and regain compliance with the NYSE continued listing requirement.

  • Weatherford Completes Sale of Saudi Arabia Land Drilling Rigs
    PR Newswire6 months ago

    Weatherford Completes Sale of Saudi Arabia Land Drilling Rigs

    BAAR, Switzerland, Dec. 3, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of its Precision Drilling Services Saudi Arabia ("PDSSA") land drilling operations, including 11 drilling rigs, 923 employees and associated customer contracts to ADES International Holding Ltd. for $92.5 million in cash. In July 2018, a subsidiary of Weatherford signed definitive agreements with ADES International Holding Ltd. for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million (the "Transaction").

  • GlobeNewswire6 months ago

    Report: Developing Opportunities within Gol Linhas Aereas Inteligentes S.A., Duluth, International Business Machines, Lam Research, Red Hat, and Weatherford International — Future Expectations, Projections Moving into 2018

    NEW YORK, Nov. 30, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • PR Newswire6 months ago

    Weatherford Unveils World-First Technology to Transform Well Construction

    Vero™ Automated Connection Integrity Replaces Human Judgment with Artificial Intelligence BAAR, Switzerland , Nov. 11, 2018 /PRNewswire/ --   Weatherford International plc (NYSE: WFT) is introducing Vero automated ...

  • Weatherford Awarded Drillpipe Riser Contract with Petrobras
    PR Newswire7 months ago

    Weatherford Awarded Drillpipe Riser Contract with Petrobras

    BAAR, Switzerland, Nov. 7, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has been awarded a four-year contract with a one-year optional extension to provide drillpipe riser (DPR) intervention systems and services for Petróleo Brasileiro S.A. ("Petrobras") in Brazil. Weatherford commenced its DPR operations in Brazil in 2003 by closely cooperating with Petrobras to develop a system that runs completions and land trees in deep water.

  • Weatherford Completes Sale of Kuwait Land Drilling Rigs
    PR Newswire7 months ago

    Weatherford Completes Sale of Kuwait Land Drilling Rigs

    BAAR, Switzerland, Nov. 1, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has completed the sale of its land drilling operations in Kuwait, including 12 drilling rigs to ADES International Holding Ltd. for $123 million in cash, and an additional $12 million in cash pending the delivery of two idle land drilling rigs in South Iraq. In July 2018, a subsidiary of Weatherford signed a definitive agreement with ADES International Holding Ltd. for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million (the "Transaction").