Commerzbank Aktiengesellschaft FI decreased its stake in Weatherford International PLC (NYSE:WFT) by 52.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,809 shares of the oil and gas company’s stock after selling 175,135 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Weatherford International were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Weatherford International by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after buying an additional 1,203,292 shares during the period. Harris Associates L P increased its stake in shares of Weatherford International by 2,166.3% in the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after buying an additional 58,380,345 shares during the period. State Street Corp increased its stake in shares of 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 period. Wedge Capital Management L L P NC increased its stake in shares of Weatherford International by 71.9% in the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock valued at $112,835,000 after buying an additional 12,194,205 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Weatherford International by 12.5% in the third quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock valued at $123,014,000 after buying an additional 2,979,183 shares during the period.
Weatherford International PLC (NYSE WFT) remained flat at $$3.37 during midday trading on Friday. The company had a trading volume of 19,200,772 shares, compared to its average volume of 22,725,596. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International PLC has a twelve month low of $3.08 and a twelve month high of $7.09.
Weatherford International (NYSE:WFT) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. Weatherford International had a negative return on equity of 67.44% and a negative net margin of 25.36%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm posted ($0.39) earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts forecast that Weatherford International PLC will post -1.02 EPS for the current fiscal year.
In other Weatherford International news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the sale, the vice president now owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.16% of the company’s stock.
Several brokerages have recently weighed in on WFT. Royal Bank Of Canada set a $6.00 price target on Weatherford International and gave the company a “buy” rating in a research note on Sunday, November 12th. Citigroup cut Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price target for the company. in a research note on Monday, November 6th. Sanford C. Bernstein raised Weatherford International from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. Societe Generale raised Weatherford International from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley decreased their price target on Weatherford International from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.07.
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Weatherford International Company Profile
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