Weatherford International Plc (NYSE:WFT) VP Douglas M. Mills sold 7,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the transaction, the vice president now owns 271,625 shares in the company, valued at approximately $1,018,593.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Weatherford International Plc (WFT) traded up $0.13 on Thursday, hitting $3.88. 20,737,736 shares of the company were exchanged, compared to its average volume of 21,778,078. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44. Weatherford International Plc has a 12 month low of $3.08 and a 12 month high of $7.09.
Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted ($0.39) EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts forecast that Weatherford International Plc will post -1.02 EPS for the current fiscal year.
WFT has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Weatherford International from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Sanford C. Bernstein upgraded shares of Weatherford International from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Scotiabank reiterated a “buy” rating on shares of Weatherford International in a report on Tuesday, August 29th. Citigroup lowered shares of Weatherford International from a “buy” rating to a “neutral” rating and set a $4.20 price objective on the stock. in a report on Monday, November 6th. Finally, ValuEngine lowered shares of Weatherford International from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $6.07.
Weatherford International Company Profile
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