News coverage about Weatherford International (NYSE:WFT) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weatherford International earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.9390235192606 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Weatherford International Plc (WFT) Short Interest Update (americanbankingnews.com)
- Unusual Volume Activity Alert – Weatherford International plc (WFT) – Wall Street Morning (wallstreetmorning.com)
- Is Stock’s Performance Impressive? – Weatherford International plc (NYSE: WFT) – Stocks Pen (stockspen.com)
- Analysts assigned mean rating score of 2.30 for Weatherford International plc (WFT) – Wall Street Morning (wallstreetmorning.com)
- Weatherford Publishes Digital 2017 Annual Report (finance.yahoo.com)
Several equities analysts have recently weighed in on the stock. Jefferies Group lowered shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 target price for the company. in a report on Thursday, January 4th. Zacks Investment Research raised shares of Weatherford International from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Credit Suisse Group set a $6.00 target price on shares of Weatherford International and gave the company a “buy” rating in a report on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of Weatherford International in a report on Thursday, January 25th. Finally, Gabelli reaffirmed a “buy” rating on shares of Weatherford International in a report on Tuesday, January 2nd. Five analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Weatherford International has a consensus rating of “Hold” and an average target price of $5.29.
Weatherford International (NYSE:WFT) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). Weatherford International had a negative net margin of 49.36% and a negative return on equity of 114.20%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted ($0.32) EPS. Weatherford International’s revenue was up 6.0% compared to the same quarter last year. equities analysts expect that Weatherford International will post -0.62 earnings per share for the current fiscal year.
In related news, VP Douglas M. Mills sold 15,223 shares of Weatherford International stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $4.07, for a total value of $61,957.61. Following the sale, the vice president now owns 256,402 shares of the company’s stock, valued at approximately $1,043,556.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Douglas M. Mills sold 6,072 shares of Weatherford International stock in a transaction on Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the completion of the sale, the vice president now directly owns 232,399 shares in the company, valued at approximately $985,371.76. The disclosure for this sale can be found here. Insiders sold a total of 46,726 shares of company stock worth $193,648 in the last three months. 1.16% of the stock is owned by corporate insiders.
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About Weatherford International
Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.
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