Weatherford International PLC (NYSE:WFT) was upgraded by research analysts at Societe Generale from a “hold” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

A number of other research firms have also weighed in on WFT. BMO Capital Markets raised their target price on Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Scotiabank set a $6.00 price target on Weatherford International PLC and gave the stock a “hold” rating in a report on Tuesday, August 1st. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the stock a “buy” rating in a report on Friday, October 6th. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $6.15.

Weatherford International PLC (NYSE:WFT) last posted 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. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned ($0.39) earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: “Societe Generale Upgrades Weatherford International PLC (WFT) to “Buy”” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/11/02/societe-generale-upgrades-weatherford-international-plc-wft-to-buy.html.

In related news, VP Douglas M. Mills sold 17,500 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the transaction, the vice president now owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baldwin Brothers Inc. MA acquired a new position in shares of Weatherford International PLC during the 1st quarter worth about $100,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in Weatherford International PLC by 13.5% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 1,899 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Weatherford International PLC during the 1st quarter valued at about $109,000. BKD Wealth Advisors LLC grew its stake in Weatherford International PLC by 9.5% during the 1st quarter. BKD Wealth Advisors LLC now owns 16,884 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Two Sigma Securities LLC grew its stake in Weatherford International PLC by 14.5% during 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 acquiring an additional 2,238 shares in the last quarter.

Weatherford International PLC Company Profile

The Fly

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

Receive News & Ratings for Weatherford International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International PLC and related companies with MarketBeat.com's FREE daily email newsletter.