Weatherford International PLC (NYSE:WFT) had its target price boosted by equities researchers at Citigroup Inc. from $5.30 to $5.60 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup Inc.’s price objective suggests a potential upside of 31.15% from the company’s previous close.

WFT has been the topic of several other research reports. Morgan Stanley reiterated an “overweight” rating and issued a $6.00 price target (down previously from $12.00) on shares of Weatherford International PLC in a report on Wednesday, June 21st. Seaport Global Securities reiterated a “neutral” rating on shares of Weatherford International PLC in a report on Friday, July 28th. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Sanford C. Bernstein cut Weatherford International PLC from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $7.00 to $5.00 in a report on Thursday, July 6th. Finally, Scotiabank reiterated a “buy” rating on shares of Weatherford International PLC in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $6.30.

Shares of Weatherford International PLC (WFT) traded up 2.225% during midday trading on Thursday, reaching $4.365. 5,864,059 shares of the company’s stock traded hands. The firm’s market capitalization is $4.32 billion. The stock’s 50 day moving average price is $4.14 and its 200 day moving average price is $4.72. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.28) earnings per share. On average, equities research analysts anticipate that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.

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In other news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the sale, the vice president now owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.16% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Laurion Capital Management LP acquired a new stake in Weatherford International PLC in the 1st quarter valued at approximately $109,000. Two Sigma Securities LLC raised its position in Weatherford International PLC by 14.5% in the 1st quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,238 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Weatherford International PLC by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 500 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in Weatherford International PLC in the 1st quarter valued at approximately $129,000. Finally, Crawford Investment Counsel Inc. raised its position in Weatherford International PLC by 68.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 15,000 shares during the last quarter.

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.

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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