Weatherford International PLC (WFT) Upgraded to “Buy” by Societe Generale

Societe Generale upgraded shares of Weatherford International PLC (NYSE:WFT) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other research analysts have also issued reports on WFT. Seaport Global Securities upgraded shares of Weatherford International PLC from a neutral rating to a buy rating and upped their target price for the company from $4.00 to $5.00 in a report on Wednesday. BidaskClub lowered shares of Weatherford International PLC from a sell rating to a strong sell rating in a report on Thursday, August 10th. BMO Capital Markets reduced their target price on shares of Weatherford International PLC from $5.50 to $5.00 and set an outperform rating on the stock in a report on Thursday. Morgan Stanley reduced their target price on shares of Weatherford International PLC from $5.50 to $5.00 and set an overweight rating on the stock in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Weatherford International PLC from a sell rating to a hold rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Weatherford International PLC has a consensus rating of Buy and a consensus price target of $6.13.

Weatherford International PLC (NYSE:WFT) traded up $0.32 during trading on Thursday, hitting $3.99. 34,884,713 shares of the company traded hands, compared to its average volume of 22,080,000. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.39 and a current ratio of 2.04. Weatherford International PLC has a 1-year low of $3.16 and a 1-year high of $7.09.

Weatherford International PLC (NYSE:WFT) last released its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) EPS. analysts forecast that Weatherford International PLC will post -1.02 EPS for the current fiscal year.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/11/04/weatherford-international-plc-wft-upgraded-to-buy-by-societe-generale.html.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.16% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Pinnacle Associates Ltd. grew its position in Weatherford International PLC by 6.6% in the second quarter. Pinnacle Associates Ltd. now owns 400,870 shares of the oil and gas company’s stock valued at $1,551,000 after acquiring an additional 24,920 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Weatherford International PLC by 17.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,255,585 shares of the oil and gas company’s stock valued at $4,859,000 after acquiring an additional 182,530 shares in the last quarter. Swiss National Bank grew its position in Weatherford International PLC by 3.0% in the second quarter. Swiss National Bank now owns 3,403,646 shares of the oil and gas company’s stock valued at $13,172,000 after acquiring an additional 98,800 shares in the last quarter. Bank of Nova Scotia grew its position in Weatherford International PLC by 825.9% in the second quarter. Bank of Nova Scotia now owns 331,000 shares of the oil and gas company’s stock valued at $1,281,000 after acquiring an additional 376,600 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Weatherford International PLC by 30.3% in the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after acquiring an additional 3,103,335 shares in the last quarter.

About Weatherford International PLC

Analyst Recommendations for Weatherford International PLC (NYSE:WFT)

What are top analysts saying about Weatherford International PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Weatherford International PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit