Weatherford International (WFT) Earning Somewhat Positive Media Coverage, Study Shows

Headlines about Weatherford International (NYSE:WFT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty 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 0.10 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 47.0221719979949 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Weatherford International (NYSE:WFT) traded up $0.08 on Friday, hitting $4.25. 22,123,400 shares of the stock traded hands, compared to its average volume of 23,820,000. The firm has a market capitalization of $4,140.00, a PE ratio of -2.97 and a beta of 2.32. Weatherford International has a 1-year low of $3.08 and a 1-year high of $7.09. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33.

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, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) earnings per share. equities research analysts forecast that Weatherford International will post -1.02 EPS for the current year.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Weatherford International from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets decreased their target price on shares of Weatherford International from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Jefferies Group set a $5.00 target price on shares of Weatherford International and gave the company a “hold” rating in a research report on Thursday, October 5th. Morgan Stanley decreased their target price on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, Loop Capital decreased their target price on shares of Weatherford International to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Weatherford International currently has a consensus rating of “Buy” and a consensus target price of $5.90.

In related news, VP Douglas M. Mills sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total value of $28,125.00. Following the sale, the vice president now owns 271,625 shares of the company’s stock, valued at $1,018,593.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.16% of the stock is owned by company insiders.

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Weatherford International Company Profile

Insider Buying and Selling by Quarter for Weatherford International (NYSE:WFT)

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