News coverage about Weatherford International (NYSE:WFT) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weatherford International earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.0220269579867 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Weatherford International plc (WFT) Swings under New Opinion – Stock News Stop (stockmarketstop.com)
- Weatherford International plc (WFT) trend is considered bearish as stock price is -21.96% declining from 50 SMA – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Weatherford International plc (WFT) Stock Busy in Financial Matters – Investing News Update (investingbizz.com)
- One Stock for High Risk Investors: Weatherford International plc (WFT) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Weatherford International plc (NYSE:WFT) – An Eye on Data – Nasdaq Journal (nasdaqjournal.com)
Weatherford International (WFT) opened at $2.55 on Tuesday. The stock has a market cap of $2,563.53, a P/E ratio of -0.90 and a beta of 2.31. Weatherford International has a one year low of $2.42 and a one year high of $6.86. The company has a debt-to-equity ratio of -13.21, a current ratio of 1.74 and a quick ratio of 1.19.
Weatherford International (NYSE:WFT) last posted its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Weatherford International had a negative return on equity of 114.20% and a negative net margin of 49.36%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. equities analysts anticipate that Weatherford International will post -0.61 EPS for the current fiscal year.
A number of research firms have recently weighed in on WFT. Barclays downgraded shares of Weatherford International from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $6.00 to $3.50 in a research report on Tuesday, February 13th. Seaport Global Securities reiterated a “buy” rating and issued a $6.00 price target on shares of Weatherford International in a research report on Monday, February 5th. Loop Capital set a $5.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Tuesday, February 6th. Credit Suisse Group set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, UBS set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Weatherford International currently has a consensus rating of “Hold” and an average price target of $5.29.
In other Weatherford International news, VP Douglas M. Mills sold 6,072 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $4.24, for a total transaction of $25,745.28. Following the sale, the vice president now owns 232,399 shares of the company’s stock, valued at $985,371.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Douglas M. Mills sold 17,931 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $4.34, for a total transaction of $77,820.54. Following the sale, the vice president now directly owns 238,471 shares in the company, valued at approximately $1,034,964.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,726 shares of company stock worth $193,648. Insiders own 0.44% of the company’s stock.
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About Weatherford International
Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.
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