Weatherford International PLC (WFT) Position Lifted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its stake in Weatherford International PLC (NYSE:WFT) by 40.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 447,470 shares of the oil and gas company’s stock after acquiring an additional 129,121 shares during the period. Cubist Systematic Strategies LLC’s holdings in Weatherford International were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in Weatherford International by 61.0% in the 3rd quarter. Janus Henderson Group PLC now owns 191,986 shares of the oil and gas company’s stock worth $880,000 after buying an additional 72,741 shares during the period. Boothbay Fund Management LLC increased its position in Weatherford International by 450.0% in the 3rd quarter. Boothbay Fund Management LLC now owns 54,998 shares of the oil and gas company’s stock worth $252,000 after buying an additional 44,998 shares during the period. Asset Management One Co. Ltd. increased its position in Weatherford International by 5,565.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,389,998 shares of the oil and gas company’s stock worth $6,366,000 after buying an additional 1,365,462 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Weatherford International by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 717,700 shares of the oil and gas company’s stock worth $3,301,000 after buying an additional 14,200 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Weatherford International by 10.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 188,828 shares of the oil and gas company’s stock worth $866,000 after buying an additional 18,221 shares during the period.

Shares of Weatherford International PLC (WFT) traded down $0.02 during trading hours on Friday, hitting $3.35. The stock had a trading volume of 12,358,200 shares, compared to its average volume of 21,741,322. Weatherford International PLC has a one year low of $3.08 and a one year high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

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

WFT has been the topic of several recent analyst reports. ValuEngine downgraded Weatherford International from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Cowen set a $8.00 price target on Weatherford International and gave the stock a “buy” rating in a research report on Friday, October 6th. Deutsche Bank initiated coverage on Weatherford International in a research report on Tuesday, October 10th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research raised Weatherford International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Weatherford International in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Weatherford International presently has a consensus rating of “Buy” and an average target price of $6.07.

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Weatherford International Profile

Institutional Ownership by Quarter for Weatherford International (NYSE:WFT)

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