Weatherford International Plc (NYSE:WFT) was the target of a large increase in short interest in December. As of December 29th, there was short interest totalling 149,090,984 shares, an increase of 0.9% from the December 15th total of 147,693,390 shares. Currently, 15.2% of the company’s stock are short sold. Based on an average daily volume of 17,183,242 shares, the short-interest ratio is currently 8.7 days.

A number of equities research analysts have weighed in on WFT shares. Morgan Stanley decreased their target price on Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Sanford C. Bernstein raised Weatherford International from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Citigroup lowered Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 target price for the company. in a research report on Monday, November 6th. Jefferies Group set a $5.00 target price on Weatherford International and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research lowered Weatherford International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $5.90.

Weatherford International (WFT) opened at $4.25 on Tuesday. The company has a market capitalization of $4,220.00, a price-to-earnings ratio of -2.97 and a beta of 2.32. The company has a debt-to-equity ratio of 5.44, a current ratio of 2.04 and a quick ratio of 1.33. Weatherford International has a 1 year low of $3.08 and a 1 year high of $7.09.

Weatherford International (NYSE:WFT) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) EPS. research analysts anticipate that Weatherford International will post -1.02 earnings per share for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of Weatherford International stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $3.75, for a total transaction of $28,125.00. Following the completion of the sale, the vice president now directly owns 271,625 shares of the company’s stock, valued at approximately $1,018,593.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.16% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WFT. Quantitative Systematic Strategies LLC purchased a new position in Weatherford International during the 3rd quarter worth $123,000. Private Advisor Group LLC grew its stake in Weatherford International by 63.2% during the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after buying an additional 15,178 shares during the last quarter. CIBC World Markets Inc. purchased a new position in Weatherford International during the 2nd quarter worth $161,000. Balentine LLC grew its stake in Weatherford International by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after buying an additional 14,922 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Weatherford International by 244.5% during the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock worth $181,000 after buying an additional 28,070 shares during the last quarter.

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