Weatherford International Plc (WFT) Receives Average Rating of “Hold” from Analysts

Weatherford International Plc (NYSE:WFT) has received a consensus recommendation of “Hold” from the thirty ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.62.

Several brokerages have weighed in on WFT. BMO Capital Markets restated a “hold” rating on shares of Weatherford International in a research report on Thursday, January 25th. Credit Suisse Group lowered their price target on shares of Weatherford International from $5.50 to $4.50 and set an “outperform” rating on the stock in a research report on Tuesday. Tudor Pickering lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a research report on Monday. Cowen reiterated a “buy” rating and issued a $6.00 price target on shares of Weatherford International in a research report on Monday. Finally, Morgan Stanley lowered their price target on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd.

Weatherford International (WFT) opened at $2.87 on Friday. 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 $2.63 and a 1 year high of $7.09.

Weatherford International (NYSE:WFT) last issued its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.12). Weatherford International had a negative return on equity of 75.02% and a negative net margin of 49.36%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. analysts forecast that Weatherford International will post -0.6 earnings per share for the current year.

In other Weatherford International news, VP Douglas M. Mills sold 7,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the transaction, the vice president now owns 271,625 shares of the company’s stock, valued at $1,018,593.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Douglas M. Mills sold 6,072 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $4.24, for a total transaction of $25,745.28. Following the transaction, the vice president now directly owns 232,399 shares in the company, valued at approximately $985,371.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,726 shares of company stock worth $193,648. 1.16% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. AMG National Trust Bank raised its stake in Weatherford International by 111.6% during the fourth quarter. AMG National Trust Bank now owns 280,647 shares of the oil and gas company’s stock worth $1,170,000 after purchasing an additional 148,014 shares during the period. D.A. Davidson & CO. raised its stake in Weatherford International by 94.6% during the fourth quarter. D.A. Davidson & CO. now owns 647,469 shares of the oil and gas company’s stock worth $2,700,000 after purchasing an additional 314,802 shares during the period. Teacher Retirement System of Texas raised its stake in Weatherford International by 658.4% during the fourth quarter. Teacher Retirement System of Texas now owns 324,980 shares of the oil and gas company’s stock worth $1,355,000 after purchasing an additional 282,132 shares during the period. Aperio Group LLC raised its stake in Weatherford International by 10.8% during the fourth quarter. Aperio Group LLC now owns 169,133 shares of the oil and gas company’s stock worth $705,000 after purchasing an additional 16,437 shares during the period. Finally, Comerica Bank raised its stake in Weatherford International by 31.9% during the fourth quarter. Comerica Bank now owns 1,647,597 shares of the oil and gas company’s stock worth $7,035,000 after purchasing an additional 398,021 shares during the period.

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About Weatherford International

Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.

Analyst Recommendations for Weatherford International (NYSE:WFT)

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