Douglas M. Mills Sells 7,500 Shares of Weatherford International Plc (WFT) Stock

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.

A number of hedge funds have recently modified their holdings of WFT. Canada Pension Plan Investment Board grew its position in Weatherford International by 13.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 681,310 shares of the oil and gas company’s stock worth $2,637,000 after purchasing an additional 81,400 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Weatherford International by 0.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,800,273 shares of the oil and gas company’s stock worth $14,708,000 after purchasing an additional 10,661 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Weatherford International by 18.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 120,639 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 18,832 shares in the last quarter. First Mercantile Trust Co. grew its position in Weatherford International by 262.4% in the 2nd quarter. First Mercantile Trust Co. now owns 39,500 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 28,600 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Weatherford International by 110.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 748,664 shares of the oil and gas company’s stock worth $2,897,000 after purchasing an additional 392,487 shares in the last quarter.

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.

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