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NEW YORK (TheStreet) -- Weatherford International (WFT) - Get Weatherford International plc Report stock is declining 1.89% to $9.88 in afternoon trading on Friday after oil prices decreased as mixed U.S. jobs data weigh on equities.

WTI crude is down 0.58% to $46.48 per barrel, while Brent crude is decreasing 1.07% to $50.14 per barrel, according to the index.

Crude prices slipped as financial markets fell after U.S. jobs data showed fewer than anticipated new jobs in August, but a decline in the unemployment rate, Reuters reports.

Analysts believe the latest jobs report will not lead the Federal Reserve to decide if it will raise interest rates and the uncertainty will continue to foster volatility in the financial markets.

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Additionally, Russia could increase its output to more than 14 million barrels a day, from 10.7 million barrels per day to increase its footprint in Asian markets over the next two decades, Rosneft (RNFTF) CEO Igor Sechin said at the Eastern Economic Forum, Reuters added.

Separately, TheStreet Ratings team rates WEATHERFORD INTL PLC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WEATHERFORD INTL PLC (WFT) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Energy Equipment & Services industry. The net income has significantly decreased by 237.2% when compared to the same quarter one year ago, falling from -$145.00 million to -$489.00 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Energy Equipment & Services industry and the overall market, WEATHERFORD INTL PLC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for WEATHERFORD INTL PLC is currently lower than what is desirable, coming in at 28.66%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -20.46% is significantly below that of the industry average.
  • Net operating cash flow has decreased to $291.00 million or 33.10% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • Even though the current debt-to-equity ratio is 1.27, it is still below the industry average, suggesting that this level of debt is acceptable within the Energy Equipment & Services industry. Despite the fact that WFT's debt-to-equity ratio is mixed in its results, the company's quick ratio of 0.69 is low and demonstrates weak liquidity.
  • You can view the full analysis from the report here: WFT Ratings Report