Bienville Capital Management LLC continued to hold its stake in Weatherford International PLC (NYSE:WFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,918 shares of the oil and gas company’s stock at the close of the 2nd quarter. Bienville Capital Management LLC’s holdings in Weatherford International PLC were worth $151,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Associates Ltd. lifted its stake in Weatherford International PLC by 6.6% in the second quarter. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company’s stock valued at $1,551,000 after buying an additional 24,920 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Weatherford International PLC by 58.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 101,807 shares of the oil and gas company’s stock valued at $693,000 after buying an additional 37,643 shares during the last quarter. Teachers Advisors LLC lifted its stake in Weatherford International PLC by 15.9% in the first quarter. Teachers Advisors LLC now owns 10,031,765 shares of the oil and gas company’s stock valued at $66,711,000 after buying an additional 1,372,563 shares during the last quarter. Cipher Capital LP purchased a new stake in Weatherford International PLC in the first quarter valued at approximately $1,310,000. Finally, Omega Advisors Inc. purchased a new stake in Weatherford International PLC in the first quarter valued at approximately $2,660,000.
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Weatherford International PLC (WFT) traded up 0.23% during mid-day trading on Friday, reaching $4.43. The company’s stock had a trading volume of 825,017 shares. The firm has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.91. The company’s market capitalization is $4.38 billion. Weatherford International PLC has a 1-year low of $3.39 and a 1-year high of $7.09.
Weatherford International PLC (NYSE:WFT) last issued its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.28) EPS. On average, equities analysts predict that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.
A number of brokerages have weighed in on WFT. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Scotiabank reiterated a “buy” rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. BidaskClub cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Morgan Stanley reduced their price objective on Weatherford International PLC from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, August 7th. Finally, BMO Capital Markets boosted their price objective on Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $6.39.
Weatherford International PLC Profile
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.
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