An issue of Weatherford International PLC (NYSE:WFT) debt fell 2.4% against its face value during trading on Thursday. The high-yield issue of debt has a 6.5% coupon and will mature on August 1, 2036. The bonds in the issue are now trading at $79.00 and were trading at $84.75 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada set a $6.00 price objective on shares of Weatherford International PLC and gave the stock a “buy” rating in a report on Sunday, November 12th. Citigroup Inc. lowered shares of Weatherford International PLC 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. Sanford C. Bernstein upgraded shares of Weatherford International PLC from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Societe Generale upgraded shares of Weatherford International PLC from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, 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, November 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Weatherford International PLC presently has an average rating of “Buy” and an average target price of $6.07.

Weatherford International PLC (WFT) opened at $3.42 on Friday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International PLC has a 52-week low of $3.16 and a 52-week high of $7.09.

Weatherford International PLC (NYSE:WFT) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate 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 company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted ($0.39) EPS. equities research analysts forecast that Weatherford International PLC will post -1.02 EPS for the current year.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the transaction, the vice president now directly owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.16% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Weatherford International PLC by 1.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 500 shares during the last quarter. Wedbush Securities Inc. grew its position in Weatherford International PLC by 2.3% during the 2nd quarter. Wedbush Securities Inc. now owns 50,613 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 1,146 shares during the last quarter. Wrapmanager Inc. grew its position in Weatherford International PLC by 3.2% during the 2nd quarter. Wrapmanager Inc. now owns 87,639 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 2,754 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Weatherford International PLC by 8.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,310 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 4,497 shares during the last quarter. Finally, KLCM Advisors Inc. grew its position in Weatherford International PLC by 0.9% during the 2nd quarter. KLCM Advisors Inc. now owns 539,333 shares of the oil and gas company’s stock worth $2,087,000 after purchasing an additional 4,776 shares during the last quarter.

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About Weatherford International PLC

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