Q Global Advisors LLC purchased a new stake in Weatherford International plc (NYSE:WFT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 200,000 shares of the oil and gas company’s stock, valued at approximately $458,000. Weatherford International accounts for 0.9% of Q Global Advisors LLC’s holdings, making the stock its 10th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Weatherford International in the 4th quarter valued at about $104,000. Investors Research Corp purchased a new stake in shares of Weatherford International during the 4th quarter worth about $105,000. Icon Wealth Partners LLC purchased a new stake in shares of Weatherford International during the 4th quarter worth about $266,000. American International Group Inc. grew its holdings in shares of Weatherford International by 39.2% during the 4th quarter. American International Group Inc. now owns 65,572 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 18,462 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in shares of Weatherford International during the 4th quarter worth about $285,000.
A number of brokerages have recently issued reports on WFT. ValuEngine upgraded Weatherford International from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Piper Jaffray Companies cut Weatherford International from an “overweight” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Tuesday, April 3rd. Credit Suisse Group set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a report on Thursday, May 24th. Jefferies Financial Group cut Weatherford International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.86 to $2.08 in a report on Tuesday, April 3rd. Finally, BMO Capital Markets set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a report on Tuesday, April 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $4.71.
Weatherford International stock opened at $3.55 on Thursday. The company has a market cap of $3.50 billion, a P/E ratio of -3.07 and a beta of 2.31. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of -8.51. Weatherford International plc has a one year low of $2.07 and a one year high of $4.72.
Weatherford International (NYSE:WFT) last released its quarterly earnings results on Tuesday, April 24th. The oil and gas company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. Weatherford International had a negative return on equity of 283.53% and a negative net margin of 45.50%. Weatherford International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) EPS. sell-side analysts expect that Weatherford International plc will post -0.56 EPS for the current year.
Weatherford International Profile
Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.
Want to see what other hedge funds are holding WFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weatherford International plc (NYSE:WFT).
Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.com's FREE daily email newsletter.