Weatherford International PLC (NYSE:WFT) has been given a $5.00 price objective by equities research analysts at Jefferies Group LLC in a research note issued on Thursday. The firm presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 17.92% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $8.00 target price on shares of Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reissued a “buy” rating and issued a $4.75 target price (down previously from $7.00) on shares of Weatherford International PLC in a research report on Thursday, July 13th. UBS AG reissued a “buy” rating and issued a $6.00 target price (down previously from $8.00) on shares of Weatherford International PLC in a research report on Thursday, July 6th. Piper Jaffray Companies set a $6.00 target price on shares of Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $6.00 target price on shares of Weatherford International PLC in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Weatherford International PLC currently has an average rating of “Buy” and an average price target of $6.30.

Weatherford International PLC (NYSE WFT) traded down 0.70% during trading on Thursday, reaching $4.24. The company had a trading volume of 12,567,121 shares. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The stock has a 50 day moving average price of $4.16 and a 200-day moving average price of $4.71. The company’s market capitalization is $4.19 billion.

Weatherford International PLC (NYSE:WFT) last released its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.28) EPS. On average, equities research analysts anticipate that Weatherford International PLC will post ($1.04) earnings per share for the current fiscal year.

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In other news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.16% of the company’s stock.

Several large investors have recently modified their holdings of WFT. Harris Associates L P lifted its stake in shares of Weatherford International PLC by 2,166.3% in the 2nd quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after acquiring an additional 58,380,345 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Weatherford International PLC by 71.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock worth $112,835,000 after acquiring an additional 12,194,205 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Weatherford International PLC in the 1st quarter worth approximately $42,887,000. State Street Corp lifted its stake in shares of Weatherford International PLC by 10.4% in the 1st quarter. State Street Corp now owns 48,956,761 shares of the oil and gas company’s stock worth $325,562,000 after acquiring an additional 4,621,797 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Weatherford International PLC by 59.5% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,938,200 shares of the oil and gas company’s stock worth $42,331,000 after acquiring an additional 4,082,000 shares during the period.

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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