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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Weir Group    WEIR   GB0009465807

WEIR GROUP (WEIR)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Weir : benefits from strong North American drilling activity

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07/17/2017 | 09:31am CEST

(Reuters) - Weir Group Plc said it expected its oil and gas unit's full-year revenue and operating profit to be above analysts' expectations due to strong North American drilling activity.

Shares in the company rose as much as 7.95 pct to their highest since May. They were trading at 1949 pence at 0711 GMT on the London Stock Exchange.

The company, which makes pipes and valves for energy and mining industries, said it had benefited from higher fleet utilisation levels and tightening of production capacity.

Weir Group expects operating margins for its oil and gas unit to be in the low teens through the second half.

"Updated outlook for the group's full-year performance is now for strong constant currency revenue and profit growth," the company said in a statement.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Gopakumar Warrier)

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Financials ( GBP)
Sales 2018 2 647 M
EBIT 2018 382 M
Net income 2018 227 M
Debt 2018 832 M
Yield 2018 2,31%
P/E ratio 2018 19,82
P/E ratio 2019 16,28
EV / Sales 2018 2,15x
EV / Sales 2019 1,89x
Capitalization 4 872 M
Chart WEIR GROUP
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Weir Group Technical Analysis Chart | WEIR | GB0009465807 | 4-Traders
Technical analysis trends WEIR GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 23,9  GBP
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Jon Stanton Chief Executive Officer & Director
Charles Andrew Berry Non-Executive Chairman
John Heasley Chief Financial Officer & Director
Geetha Dabir Chief Technology Officer
Richard Peter Menell Senior Independent Director
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