Weatherford International PLC (WFT) Bonds Trading 1.3% Higher

An issue of Weatherford International PLC (NYSE:WFT) bonds rose 1.3% as a percentage of their face value during trading on Friday. The debt issue has a 7% coupon and will mature on March 15, 2038. The debt is now trading at $90.00. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of analysts recently commented on WFT shares. BMO Capital Markets upped their price objective on Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Scotiabank set a $6.00 price objective on Weatherford International PLC and gave the company a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the company a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $6.18.

Weatherford International PLC (WFT) traded down 2.51% during trading on Friday, hitting $3.89. The stock had a trading volume of 14,521,875 shares. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The firm’s 50-day moving average price is $4.18 and its 200-day moving average price is $4.63. The company’s market cap is $3.85 billion.

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

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the business’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 transaction of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.16% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Laurion Capital Management LP acquired a new position in shares of Weatherford International PLC during the 1st quarter worth approximately $109,000. Two Sigma Securities LLC boosted its holdings in shares of Weatherford International PLC by 14.5% during the 1st quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,238 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Weatherford International PLC during the 1st quarter worth approximately $129,000. US Bancorp DE boosted its holdings in shares of Weatherford International PLC by 181.1% during the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock worth $170,000 after purchasing an

A number of analysts recently commented on WFT shares. BMO Capital Markets upped their price objective on Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Scotiabank set a $6.00 price objective on Weatherford International PLC and gave the company a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the company a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $6.18.

Weatherford International PLC (WFT) traded down 2.51% during trading on Friday, hitting $3.89. The stock had a trading volume of 14,521,875 shares. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The firm’s 50-day moving average price is $4.18 and its 200-day moving average price is $4.63. The company’s market cap is $3.85 billion.

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

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the business’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 transaction of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.16% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Laurion Capital Management LP acquired a new position in shares of Weatherford International PLC during the 1st quarter worth approximately $109,000. Two Sigma Securities LLC boosted its holdings in shares of Weatherford International PLC by 14.5% during the 1st quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,238 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Weatherford International PLC during the 1st quarter worth approximately $129,000. US Bancorp DE boosted its holdings in shares of Weatherford International PLC by 181.1% during the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 16,444 shares during the last quarter. Finally, Fore Research & Management LP acquired a new position in shares of Weatherford International PLC during the 1st quarter worth approximately $199,000.

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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.

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