Vetr cut shares of Weatherford International Plc (NYSE:WFT) from a strong-buy rating to a buy rating in a report issued on Friday morning.

A number of other brokerages also recently weighed in on WFT. Capital One Financial Corp. raised Weatherford International Plc from an equal weight rating to an overweight rating and set a $7.00 price objective on the stock in a research report on Tuesday, March 7th. Cowen and Company dropped their price objective on Weatherford International Plc from $9.00 to $7.00 and set an outperform rating on the stock in a research report on Tuesday, December 13th. Evercore ISI reaffirmed an outperform rating and set a $7.00 price objective on shares of Weatherford International Plc in a research report on Tuesday, March 7th. Barclays PLC reaffirmed an equal weight rating and set a $7.00 price objective (down previously from $8.00) on shares of Weatherford International Plc in a research report on Monday, January 9th. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $8.00 price objective on shares of Weatherford International Plc in a research report on Friday, January 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Weatherford International Plc presently has an average rating of Buy and an average target price of $7.53.

Analyst Recommendations for Weatherford International Plc (NYSE:WFT)

Weatherford International Plc (NYSE:WFT) traded up 1.382% during midday trading on Friday, hitting $6.235. The company’s stock had a trading volume of 7,327,148 shares. Weatherford International Plc has a one year low of $3.73 and a one year high of $8.49. The company’s market cap is $6.13 billion. The company’s 50-day moving average is $5.92 and its 200 day moving average is $5.52.

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In other news, VP Douglas M. Mills sold 6,462 shares of the firm’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $5.30, for a total value of $34,248.60. Following the completion of the transaction, the vice president now directly owns 328,520 shares in the company, valued at $1,741,156. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Douglas M. Mills sold 14,395 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $5.58, for a total value of $80,324.10. Following the completion of the transaction, the vice president now owns 318,520 shares of the company’s stock, valued at $1,777,341.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,832 shares of company stock valued at $167,939. Company insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WFT. BlackRock Group LTD raised its stake in Weatherford International Plc by 3.3% in the third quarter. BlackRock Group LTD now owns 5,930,931 shares of the company’s stock valued at $33,332,000 after buying an additional 189,524 shares during the period. Ngam Advisors L.P. raised its stake in Weatherford International Plc by 2.8% in the third quarter. Ngam Advisors L.P. now owns 1,644,180 shares of the company’s stock valued at $9,240,000 after buying an additional 44,605 shares during the period. Schroder Investment Management Group raised its stake in Weatherford International Plc by 9.6% in the third quarter. Schroder Investment Management Group now owns 2,504,397 shares of the company’s stock valued at $14,074,000 after buying an additional 220,185 shares during the period. BlackRock Investment Management LLC raised its stake in Weatherford International Plc by 3.2% in the third quarter. BlackRock Investment Management LLC now owns 820,286 shares of the company’s stock valued at $4,610,000 after buying an additional 25,736 shares during the period. Finally, First Trust Advisors LP raised its stake in Weatherford International Plc by 57.2% in the third quarter. First Trust Advisors LP now owns 1,613,098 shares of the company’s stock valued at $9,066,000 after buying an additional 586,895 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

About Weatherford International Plc

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

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To view Vetr’s full report, visit Vetr’s official website.

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