Weatherford International PLC (NYSE:WFT) had its price objective cut by investment analysts at BMO Capital Markets from $5.50 to $5.00 in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the oil and gas company’s stock. BMO Capital Markets’ target price points to a potential upside of 44.09% from the company’s previous close.

A number of other research analysts have also recently weighed in on WFT. Seaport Global Securities upgraded shares of Weatherford International PLC from a “neutral” rating to a “buy” rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Wednesday. BidaskClub cut shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $6.00 target price on shares of Weatherford International PLC and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Morgan Stanley dropped their target price on shares of Weatherford International PLC from $6.00 to $5.50 and set an “overweight” rating on the stock in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.15.

Weatherford International PLC (NYSE:WFT) last released its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.39) earnings per share.

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In other news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction 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 transaction, the vice president now owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.16% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Pinnacle Associates Ltd. increased its holdings in shares of Weatherford International PLC by 6.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company’s stock worth $1,551,000 after buying an additional 24,920 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Weatherford International PLC by 17.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,255,585 shares of the oil and gas company’s stock worth $4,859,000 after buying an additional 182,530 shares during the last quarter. Swiss National Bank increased its holdings in shares of Weatherford International PLC by 3.0% in the 2nd quarter. Swiss National Bank now owns 3,403,646 shares of the oil and gas company’s stock worth $13,172,000 after buying an additional 98,800 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Weatherford International PLC by 825.9% in the 2nd quarter. Bank of Nova Scotia now owns 331,000 shares of the oil and gas company’s stock worth $1,281,000 after buying an additional 376,600 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Weatherford International PLC by 30.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock worth $51,653,000 after buying an additional 3,103,335 shares during the last quarter.

About Weatherford International PLC

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

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