Weatherford International Plc (WFT) Short Interest Update

Weatherford International Plc (NYSE:WFT) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 155,923,053 shares, a growth of 7.0% from the January 12th total of 145,696,410 shares. Approximately 16.0% of the company’s shares are sold short. Based on an average daily volume of 16,784,545 shares, the short-interest ratio is presently 9.3 days.

In other Weatherford International news, VP Douglas M. Mills sold 6,072 shares of the company’s stock in a transaction 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 $985,371.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Douglas M. Mills sold 17,931 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $4.34, for a total value of $77,820.54. Following the transaction, the vice president now owns 238,471 shares in the company, valued at $1,034,964.14. The disclosure for this sale can be found here. Insiders have sold 46,726 shares of company stock worth $193,648 over the last 90 days. 1.16% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in Weatherford International by 3.3% in the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock valued at $195,718,000 after buying an additional 1,617,102 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Weatherford International by 13.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 31,579,597 shares of the oil and gas company’s stock valued at $131,687,000 after buying an additional 3,744,073 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Weatherford International by 12.5% during the third quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock worth $123,014,000 after purchasing an additional 2,979,183 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Weatherford International by 6.8% during the third quarter. Gamco Investors INC. ET AL now owns 10,001,770 shares of the oil and gas company’s stock worth $45,808,000 after purchasing an additional 635,784 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Weatherford International by 17.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,121,453 shares of the oil and gas company’s stock worth $27,560,000 after purchasing an additional 1,065,721 shares during the last quarter.

Several analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Weatherford International from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. Bank of America upgraded Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Tuesday, January 16th. Zacks Investment Research cut Weatherford International from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Tudor Pickering cut Weatherford International from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Weatherford International in a research note on Thursday, January 25th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.59.

Weatherford International (NYSE WFT) opened at $2.89 on Monday. The company has a market capitalization of $2,870.00, a price-to-earnings ratio of -1.74 and a beta of 2.07. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. Weatherford International has a twelve month low of $2.63 and a twelve month high of $7.09.

Weatherford International (NYSE:WFT) last posted its earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 75.02%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. equities analysts expect that Weatherford International will post -0.61 EPS for the current fiscal year.

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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.

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