Weatherford International PLC (NYSE:WFT) saw unusually large options trading on Wednesday. Traders bought 51,442 put options on the company. This represents an increase of 1,183% compared to the average volume of 4,008 put options.

A number of research firms recently commented on WFT. UBS AG reiterated a “buy” rating and issued a $8.00 target price (down from $9.00) on shares of Weatherford International PLC in a research report on Tuesday, May 2nd. Barclays PLC upgraded Weatherford International PLC from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $8.00 target price on Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. Sanford C. Bernstein downgraded Weatherford International PLC from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $7.00 to $5.00 in a research report on Thursday, July 6th. Finally, BidaskClub downgraded Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $6.52.

Weatherford International PLC (NYSE WFT) opened at 3.95 on Friday. Weatherford International PLC has a 52 week low of $3.39 and a 52 week high of $7.09. The company’s market cap is $3.91 billion. The company has a 50-day moving average price of $4.11 and a 200 day moving average price of $5.19.

Weatherford International PLC (NYSE:WFT) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted ($0.28) earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of WFT. Baldwin Brothers Inc. MA purchased a new position in shares of Weatherford International PLC during the first quarter worth about $100,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Weatherford International PLC by 13.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock worth $106,000 after buying an additional 1,899 shares during the period. Laurion Capital Management LP purchased a new position in shares of Weatherford International PLC during the first quarter worth about $109,000. BKD Wealth Advisors LLC raised its position in shares of Weatherford International PLC by 9.5% in the first quarter. BKD Wealth Advisors LLC now owns 16,884 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,471 shares during the period. Finally, Two Sigma Securities LLC raised its position in shares of Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,238 shares during the period.

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Weatherford International PLC Company Profile

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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