Weatherford International PLC (WFT) Receives $6.41 Consensus PT from Analysts

Shares of Weatherford International PLC (NYSE:WFT) have been assigned an average rating of “Buy” from the thirty brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.28.

Several analysts recently commented on WFT shares. ValuEngine lowered Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Friday. Scotiabank set a $6.00 price target on Weatherford International PLC and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Weatherford International PLC in a research note on Friday, July 28th.

TRADEMARK VIOLATION NOTICE: “Weatherford International PLC (WFT) Receives $6.41 Consensus PT from Analysts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/weatherford-international-plc-wft-receives-6-41-consensus-pt-from-analysts.html.

In related news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,236,523.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 500 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Weatherford International PLC by 2.3% in the second quarter. Wedbush Securities Inc. now owns 50,613 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 1,146 shares during the last quarter. Two Sigma Securities LLC increased its holdings in Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 2,238 shares during the last quarter. Wrapmanager Inc. increased its holdings in Weatherford International PLC by 3.2% in the second quarter. Wrapmanager Inc. now owns 87,639 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 2,754 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Weatherford International PLC by 7.3% in the first quarter. TD Asset Management Inc. now owns 57,023 shares of the oil and gas company’s stock valued at $379,000 after purchasing an additional 3,900 shares during the last quarter.

Weatherford International PLC (NYSE:WFT) traded down 2.85% during midday trading on Friday, hitting $4.09. The company had a trading volume of 20,685,920 shares. The company’s market cap is $4.05 billion. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09. The company’s 50 day moving average is $4.16 and its 200-day moving average is $4.67.

Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.28). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. Weatherford International PLC’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.28) EPS. On average, equities

Several analysts recently commented on WFT shares. ValuEngine lowered Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the company a “buy” rating in a research note on Friday. Scotiabank set a $6.00 price target on Weatherford International PLC and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Weatherford International PLC in a research note on Friday, July 28th.

TRADEMARK VIOLATION NOTICE: “Weatherford International PLC (WFT) Receives $6.41 Consensus PT from Analysts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/weatherford-international-plc-wft-receives-6-41-consensus-pt-from-analysts.html.

In related news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,236,523.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 500 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Weatherford International PLC by 2.3% in the second quarter. Wedbush Securities Inc. now owns 50,613 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 1,146 shares during the last quarter. Two Sigma Securities LLC increased its holdings in Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 2,238 shares during the last quarter. Wrapmanager Inc. increased its holdings in Weatherford International PLC by 3.2% in the second quarter. Wrapmanager Inc. now owns 87,639 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 2,754 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Weatherford International PLC by 7.3% in the first quarter. TD Asset Management Inc. now owns 57,023 shares of the oil and gas company’s stock valued at $379,000 after purchasing an additional 3,900 shares during the last quarter.

Weatherford International PLC (NYSE:WFT) traded down 2.85% during midday trading on Friday, hitting $4.09. The company had a trading volume of 20,685,920 shares. The company’s market cap is $4.05 billion. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09. The company’s 50 day moving average is $4.16 and its 200-day moving average is $4.67.

Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.28). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. Weatherford International PLC’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.28) EPS. On average, equities analysts predict that Weatherford International PLC will post ($1.04) EPS for the current year.

About Weatherford International PLC

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.

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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