Weatherford International PLC (NYSE:WFT) has been assigned a $6.00 price objective by analysts at Royal Bank Of Canada in a research note issued to investors on Sunday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 41.51% from the stock’s current price.
A number of other equities analysts have also commented on WFT. BidaskClub lowered Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Citigroup Inc. raised their price objective on Weatherford International PLC from $5.30 to $5.60 and gave the stock a “buy” rating in a research note on Thursday. Cowen and Company set a $8.00 price objective on Weatherford International PLC and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $5.00 price objective on Weatherford International PLC and gave the stock a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $6.22.
Weatherford International PLC (NYSE:WFT) traded down 0.70% during mid-day trading on Friday, hitting $4.24. The stock had a trading volume of 12,567,121 shares. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09. The stock’s 50 day moving average price is $4.16 and its 200 day moving average price is $4.71. The firm’s market capitalization is $4.19 billion.
Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.28). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. Weatherford International PLC had a negative return on equity of 65.33% and a negative net margin of 53.49%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) earnings per share. Analysts forecast that Weatherford International PLC will post ($1.04) EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Weatherford International PLC (WFT) Given a $6.00 Price Target by Royal Bank Of Canada Analysts” was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/10/08/weatherford-international-plcs-wft-buy-rating-reiterated-at-royal-bank-of-canada.html.
In related news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the sale, the vice president now owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.16% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurion Capital Management LP acquired a new position in Weatherford International PLC during the 1st quarter worth about $109,000. Two Sigma Securities LLC lifted its holdings 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 worth $117,000 after buying an additional 2,238 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Weatherford International PLC by 1.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after buying an additional 500 shares during the period. Driehaus Capital Management LLC acquired a new position in Weatherford International PLC during the 1st quarter worth about $129,000. Finally, Crawford Investment Counsel Inc. lifted its holdings in Weatherford International PLC by 68.8% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after buying an additional 15,000 shares during the period.
Weatherford International PLC Company Profile
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.
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.