Douglas M. Mills Sells 17,931 Shares of Weatherford International Plc (WFT) Stock

Weatherford International Plc (NYSE:WFT) VP Douglas M. Mills sold 17,931 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total value of $77,820.54. Following the completion of the sale, the vice president now directly owns 238,471 shares of the company’s stock, valued at $1,034,964.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weatherford International Plc (WFT) traded up $0.03 during trading on Friday, reaching $4.23. The company’s stock had a trading volume of 1,230,373 shares, compared to its average volume of 23,564,875. Weatherford International Plc has a 12-month low of $3.08 and a 12-month high of $7.09. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. The company has a market cap of $4,170.00, a price-to-earnings ratio of -2.94 and a beta of 2.32.

Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted ($0.39) EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts expect that Weatherford International Plc will post -1.02 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of WFT. Nationwide Fund Advisors increased its stake in shares of Weatherford International by 75.2% in the 2nd quarter. Nationwide Fund Advisors now owns 2,497,600 shares of the oil and gas company’s stock valued at $9,666,000 after purchasing an additional 1,072,200 shares during the last quarter. Amalgamated Bank increased its stake in shares of Weatherford International by 11.7% in the 2nd quarter. Amalgamated Bank now owns 156,896 shares of the oil and gas company’s stock valued at $607,000 after purchasing an additional 16,448 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Weatherford International in the 2nd quarter valued at $288,000. Vanguard Group Inc. increased its stake in shares of Weatherford International by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after purchasing an additional 1,203,292 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in shares of Weatherford International by 45.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 102,941 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 31,937 shares during the last quarter.

WFT has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Sanford C. Bernstein raised Weatherford International from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Citigroup cut Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price objective for the company. in a research report on Monday, November 6th. Jefferies Group set a $5.00 price objective on Weatherford International and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut Weatherford International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $5.77.

ILLEGAL ACTIVITY NOTICE: “Douglas M. Mills Sells 17,931 Shares of Weatherford International Plc (WFT) Stock” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://baseballnewssource.com/markets/douglas-m-mills-sells-17931-shares-of-weatherford-international-plc-wft-stock/1869317.html.

Weatherford International Company Profile

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.

Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.