Weatherford International PLC (NYSE:WFT) had its price objective trimmed by Morgan Stanley from $5.50 to $5.00 in a report released on Thursday, November 2nd. The brokerage currently has an overweight rating on the oil and gas company’s stock.
Several other equities research analysts also recently commented on the stock. Piper Jaffray Companies set a $6.00 target price on shares of Weatherford International PLC and gave the stock a buy rating in a research report on Saturday, July 29th. Credit Suisse Group reiterated a buy rating and set a $6.00 price target on shares of Weatherford International PLC in a research report on Tuesday, August 1st. BMO Capital Markets restated a buy rating and issued a $4.75 price objective (down from $7.00) on shares of Weatherford International PLC in a research report on Thursday, July 13th. UBS AG reaffirmed a buy rating and issued a $6.00 target price (down previously from $8.00) on shares of Weatherford International PLC in a research note on Thursday, July 6th. Finally, Scotiabank reaffirmed a buy rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Weatherford International PLC currently has an average rating of Buy and an average price target of $6.07.
Shares of Weatherford International PLC (WFT) traded down $0.29 during trading hours on Thursday, reaching $3.63. The company’s stock had a trading volume of 31,279,000 shares, compared to its average volume of 21,661,455. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International PLC has a fifty-two week low of $3.16 and a fifty-two week high of $7.09.
Weatherford International PLC (NYSE:WFT) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted ($0.39) earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. equities analysts anticipate that Weatherford International PLC will post -1.02 EPS for the current year.
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In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the sale, the vice president now owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.16% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WFT. Driehaus Capital Management LLC purchased a new position in Weatherford International PLC during the first quarter worth approximately $129,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Weatherford International PLC during the 3rd quarter worth approximately $123,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Weatherford International PLC by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 500 shares in the last quarter. Balentine LLC lifted its stake in shares of Weatherford International PLC by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 14,922 shares during the period. Finally, Crawford Investment Counsel Inc. lifted its stake in shares of Weatherford International PLC by 68.8% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 15,000 shares during the period.
About Weatherford International PLC
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