Weatherford International PLC (NYSE:WFT) was the recipient of some unusual options trading on Friday. Traders purchased 24,136 call options on the stock. This represents an increase of approximately 118% compared to the average volume of 11,084 call options.

Shares of Weatherford International PLC (NYSE WFT) opened at 4.52 on Wednesday. Weatherford International PLC has a 12-month low of $3.73 and a 12-month high of $7.09. The stock has a 50 day moving average price of $5.05 and a 200 day moving average price of $5.56. The stock’s market capitalization is $4.46 billion.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.31) by $0.01. Weatherford International PLC had a negative net margin of 60.22% and a negative return on equity of 47.36%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. The company’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts anticipate that Weatherford International PLC will post ($0.97) earnings per share for the current fiscal year.

WFT has been the subject of several analyst reports. Evercore ISI reissued an “outperform” rating and set a $7.00 target price on shares of Weatherford International PLC in a research note on Tuesday, March 7th. Capital One Financial Corporation raised Weatherford International PLC from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a research note on Tuesday, March 7th. Credit Suisse Group reissued an “outperform” rating and set a $6.91 target price on shares of Weatherford International PLC in a research note on Tuesday, March 7th. Morgan Stanley reissued an “overweight” rating and set a $12.00 target price on shares of Weatherford International PLC in a research note on Tuesday, March 7th. Finally, Cowen and Company reissued an “outperform” rating and set a $7.00 target price on shares of Weatherford International PLC in a research note on Tuesday, March 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Weatherford International PLC has an average rating of “Buy” and an average price target of $7.23.

In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $5.19, for a total value of $90,825.00. Following the sale, the vice president now owns 296,625 shares in the company, valued at approximately $1,539,483.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. UBS Oconnor LLC raised its stake in Weatherford International PLC by 47.6% in the third quarter. UBS Oconnor LLC now owns 3,661,324 shares of the oil and gas company’s stock valued at $20,577,000 after buying an additional 1,180,628 shares during the last quarter. Highbridge Capital Management LLC raised its stake in Weatherford International PLC by 24.3% in the third quarter. Highbridge Capital Management LLC now owns 235,105 shares of the oil and gas company’s stock valued at $1,321,000 after buying an additional 45,988 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Weatherford International PLC by 59.5% in the third quarter. Mosaic Family Wealth LLC now owns 28,149 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 10,504 shares during the last quarter. ETRADE Capital Management LLC raised its stake in Weatherford International PLC by 50.8% in the third quarter. ETRADE Capital Management LLC now owns 56,017 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 18,868 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Weatherford International PLC during the fourth quarter valued at about $3,940,000.

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Weatherford International PLC Company Profile

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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